Lakeview Health Foundation

Analysis

Lakeview Health Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover health care, 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, Lakeview Health Foundation reported income of $1.4m and spending of $2.1m, spending 145% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $1.4m (+31%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeview Health Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Hope for the Day ($1.4m), Mercy Medical Center Merced Foundation ($1.4m) and Charlotte Alliance for a Safe and Drug Free Community ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $10.0m against liabilities of $1.7m, net assets of $8.3m.