Lakeside Partners of Wilmington Inc

Analysis

Lakeside Partners of Wilmington Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in April 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lakeside Partners of Wilmington Inc reported income of $2.3m and spending of $788k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 648%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakeside Partners of Wilmington Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include TCC Hill Country Development Corporation ($2.3m), Wasatch Manor Inc ($2.3m) and Big Wave Group ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 14% of the total. At year end it held assets of $10.5m against liabilities of $1.8m, net assets of $8.7m.