Lakeshore Charities Inc

Analysis

Lakeshore Charities Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Lakeshore Charities Inc reported income of $279k and spending of $212k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $279k (+57%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeshore Charities Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within WI. Charities of a similar size with the same main cause include Come As You Are Ministry ($279k), The Anthony J Rinaldi Jr Foundation for Children with Cancer ($279k) and Community Howard Regional Health Foundation Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $245k against liabilities of $0, net assets of $245k.