Lakeville Public Safety Foundation

Analysis

Lakeville Public Safety Foundation is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Lakeville Public Safety Foundation reported income of $86k and spending of $108k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $86k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 106% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Lakeville Public Safety Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include Panama Fire Company Inc ($86k), Rocklin Public Safety Volunteers Inc ($86k) and Wisconsin State Fire Inspectors Association ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.