Lakewood Health Center

Analysis

Lakewood Health Center is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lakewood Health Center reported income of $16.1m and spending of $19.4m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $16.1m (+10%), an average of +2.5% a year. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakewood Health Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Asian Human Services Family Health Center Inc ($16.1m), Saint Marys Home of Erie ($16.1m) and Careteam Plus Inc ($16.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $706k (3.6% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $11.2m against liabilities of $2.2m, net assets of $9.0m. It reported 185 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.