Lake Superior Life-Care Center

Analysis

Lake Superior Life-Care Center is a registered charity in United States, based in Superior, WI. It received its IRS tax-exemption ruling in November 1983, 43 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 Superior Life-Care Center reported income of $174k and spending of $147k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $174k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Superior Life-Care Center sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within WI. Charities of a similar size with the same main cause include Journey Within Center for Spiritual Evolvement Inc ($174k), Shawnee Fire Company ($175k) and Association of Fundraising Professionals ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $21k (14% of expenses). Other salaries and wages came to $56k. At year end it held assets of $406k against liabilities of $0, net assets of $406k. It reported 7 employees.