Lake Pointe Resource Center Inc

Analysis

Lake Pointe Resource Center Inc is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Lake Pointe Resource Center Inc reported income of $465k and spending of $519k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $27k to $465k (+1593%), an average of +312% a year. The sharpest change came in the year to December 2022, when income rose by 1053%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Pointe Resource Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Many Mothers ($465k), Worcester County G O L D Inc ($465k) and Mercer County Hispanic Association Inc ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $56k against liabilities of $198k, net assets of -$142k.

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.