Lake Region Healthcare Foundation

Analysis

Lake Region Healthcare Foundation is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in September 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lake Region Healthcare Foundation reported income of $598k and spending of $2.0m, spending 329% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $561k to $598k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to September 2021, when income rose by 66%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Region Healthcare Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Drisha Institute for Jewish Education Inc ($598k), The Arc of Calhoun County ($598k) and Childrens Meetinghouse Inc ($598k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $4.1m against liabilities of $26k, net assets of $4.1m.