Lakes Crisis & Resource Center

Analysis

Lakes Crisis & Resource Center is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Lakes Crisis & Resource Center reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2021, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakes Crisis & Resource Center sits at the 79th percentile: it is larger than about 79% 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 Joseph Ministry International ($1.4m), Boys & Girls Club of Walker County TX Inc ($1.4m) and Unks Place Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $98k (7.3% of expenses). Other salaries and wages came to $790k. At year end it held assets of $4.8m against liabilities of $45k, net assets of $4.7m. It reported 34 employees.