Lakes Center for Youth and Families Inc

Analysis

Lakes Center for Youth and Families Inc is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Lakes Center for Youth and Families Inc reported income of $1.0m and spending of $1.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $820k to $1.0m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 106% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Lakes Center for Youth and Families 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 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Institute for Research Education and Training in Addiction ($1.0m), Iowa Mediation Service Inc ($1.0m) and Hav a Sole ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $215k (18% of expenses). Other salaries and wages came to $542k. At year end it held assets of $684k against liabilities of $168k, net assets of $517k. It reported 30 employees.