Siena on the Lake Inc

Analysis

Siena on the Lake Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in November 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Siena on the Lake Inc reported income of $3.8m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.8m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Siena on the Lake Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Pine Woods Inc ($3.8m), Queens Bnai Brith Housing Developement Fund Co Inc ($3.8m) and Alaska Works Partnership Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 78% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $16.4m against liabilities of $14.1m, net assets of $2.3m. It reported 73 employees.

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.