Lake Region Half-Way Homes Inc

Analysis

Lake Region Half-Way Homes Inc is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in April 1979, 47 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, Lake Region Half-Way Homes Inc reported income of $423k and spending of $498k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $453k to $423k (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Region Half-Way Homes Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include National Canine Cancer Foundation Inc ($423k), Cancer Couch Foundation Inc ($423k) and Bassett Creek Senior Housing ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $337k (68% of expenses). At year end it held assets of $168k against liabilities of $35k, net assets of $133k. It reported 25 employees.