Lakeshore Band Parents Inc

Analysis

Lakeshore Band Parents Inc is a registered charity in United States, based in Stevensville, MI. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Band Parents Inc reported income of $255k and spending of $295k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income fell from $318k to $255k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lakeshore Band Parents Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Foundation for Educational Development Inc ($255k), Innovate-Educate ($255k) and Parent Booster USA Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 71% of the total. At year end it held assets of $67k against liabilities of $15k, net assets of $52k.

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.