Lake of the Ozarks Developmental Center Inc

Analysis

Lake of the Ozarks Developmental Center Inc is a registered charity in United States, based in Camdenton, MO. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lake of the Ozarks Developmental Center Inc reported income of $4.4m and spending of $3.3m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.4m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake of the Ozarks Developmental Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Southeast Nebraska Community Action Partnership Inc ($4.4m), Southside Unlimited ($4.4m) and Oahe Young Mens Christian ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $3.4m against liabilities of $186k, net assets of $3.2m. It reported 62 employees.