Lake County Developmental Achievement Center Inc

Analysis

Lake County Developmental Achievement Center Inc is a registered charity in United States, based in Two Harbors, MN. It received its IRS tax-exemption ruling in April 1972, 54 years ago. 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, Lake County Developmental Achievement Center Inc reported income of $867k and spending of $731k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $756k to $867k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake County Developmental Achievement Center Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Tracy Interfaith Ministries ($867k), Hawaii Montessori Inc ($867k) and Mid Hudson Pattern for Progress Inc ($867k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $141k (19% of expenses). Other salaries and wages came to $322k. At year end it held assets of $1.3m against liabilities of $22k, net assets of $1.3m. It reported 31 employees.