Lakes Region Community Services Foundation

Analysis

Lakes Region Community Services Foundation is a registered charity in United States, based in Laconia, NH. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Lakes Region Community Services Foundation reported income of $80k and spending of $59k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $206k to $80k (-61%), an average of -27% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lakes Region Community Services Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within NH. Charities of a similar size with the same main cause include B F Johnson Community Center Inc ($80k), Nit Trichy USA Alumni Chapter ($81k) and Kiwanis Club Foundation of Ooltewah-Collegedale ($80k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $493k against liabilities of $14k, net assets of $479k.