Lakeland Mental Health Center Incorporated

Analysis

Lakeland Mental Health Center Incorporated is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in September 1961, 65 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakeland Mental Health Center Incorporated reported income of $18.7m and spending of $18.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.4m to $18.7m (+14%), an average of +3.3% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeland Mental Health Center Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include United Community Health Center- Maria Auxiliadora Inc ($18.7m), Community and Family Resources ($18.7m) and Alma Family Services ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $625k (3.5% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $27.8m against liabilities of $4.4m, net assets of $23.4m. It reported 231 employees.