Lakemary Center Homes Inc

Analysis

Lakemary Center Homes Inc is a registered charity in United States, based in Paola, KS. It received its IRS tax-exemption ruling in May 1985, 41 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 2023, Lakemary Center Homes Inc reported income of $184k and spending of $176k, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $173k to $184k (+6.0%), an average of +6.0% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakemary Center Homes Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within KS. Charities of a similar size with the same main cause include Eden Park Inc ($184k), Wisconsin Good Samaritan Housing Inc ($184k) and Compound Impact Inc ($184k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $442k against liabilities of $129k, net assets of $313k.