City of Lakes Care Center

Analysis

City of Lakes Care Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, City of Lakes Care Center reported income of $12.6m and spending of $12.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $12.6m (+13%), an average of +3.1% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, City of Lakes Care Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include The International Parkinson and Movement Disorder Society Inc ($12.6m), Pinnacle Family Health Inc ($12.6m) and Anderson-Cherokee Community Enrichment Services ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $14.8m against liabilities of $3.0m, net assets of $11.8m. It reported 201 employees.