Lakemary Center Inc

Analysis

Lakemary Center Inc is a registered charity in United States, based in Paola, KS. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Lakemary Center Inc reported income of $30.9m and spending of $31.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.3m to $30.9m (+5.2%), an average of +1.3% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakemary Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KS. Charities of a similar size with the same main cause include Seniorsplus ($30.8m), Mayflower Retirement Center Inc ($30.9m) and St Annes Family Services ($30.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $380k (1.2% of expenses). Other salaries and wages came to $20.9m. At year end it held assets of $32.3m against liabilities of $5.2m, net assets of $27.2m. It reported 704 employees.