Lake City Food Shelf Inc

Analysis

Lake City Food Shelf Inc is a registered charity in United States, based in Lake City, MN. It received its IRS tax-exemption ruling in November 1982, 44 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 March 2024, Lake City Food Shelf Inc reported income of $172k and spending of $171k, spending 99% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $161k to $172k (+7.3%), an average of +7.3% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake City Food Shelf Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Community Housing Services ($172k), Little League Baseball Inc ($172k) and American Society of Heating Refrigerating & A-C Engineers ($172k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $271k against liabilities of $0, net assets of $271k.