Lake City Partners Ending Homelessness

Analysis

Lake City Partners Ending Homelessness is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lake City Partners Ending Homelessness reported income of $3.0m and spending of $2.5m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $3.0m (+553%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 177%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake City Partners Ending Homelessness sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Mercy Neighborhood Ministries Inc ($3.0m), Napa Solano Sane Sart ($3.0m) and Abilitypath Housing ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $154k (6.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $148k, net assets of $1.3m. It reported 61 employees.