Lakes Area Humane Society Inc

Analysis

Lakes Area Humane Society Inc is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Area Humane Society Inc reported income of $256k and spending of $290k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $256k (-79%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 82%. Over the whole period it spent 61% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Lakes Area Humane Society Inc 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 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Diggity Dogs Service Dogs Inc ($256k), Pearl S Place ($256k) and Asavet Veterinary Charities ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $63k (22% of expenses). Other salaries and wages came to $119k. At year end it held assets of $1.4m against liabilities of $678, net assets of $1.4m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.