Lakeview Village Phase II Inc

Analysis

Lakeview Village Phase II Inc is a registered charity in United States, based in Speedway, IN. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 April 2024, Lakeview Village Phase II Inc reported income of $158k and spending of $212k, spending 134% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $139k to $158k (+14%), an average of +3.4% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakeview Village Phase II Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include JCS Affective Sober Living ($158k), Kilgore Complex Inc ($158k) and Cedar Oaks Retirement Center Inc ($158k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.0m against liabilities of $25k, net assets of $978k.

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.