Lake Mills Family Center

Analysis

Lake Mills Family Center is a registered charity in United States, based in Lake Mills, IA. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Lake Mills Family Center reported income of $640k and spending of $753k, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $645k to $640k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to August 2022, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Mills Family Center sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Renew the Hope Inc ($640k), Starting Over Enterprises Inc ($640k) and Lions Club of Pearland Inc ($640k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.2% and program service revenue 93% of the total. Other salaries and wages came to $500k. At year end it held assets of $784k against liabilities of $0, net assets of $784k. It reported 48 employees.