Lakeview Center Inc

Analysis

Lakeview Center Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in January 1962, 64 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lakeview Center Inc reported income of $127.7m and spending of $124.3m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $141.7m to $127.7m (-9.9%), an average of -2.6% a year. The sharpest change came in the year to September 2023, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeview Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Texas Medical Center ($127.7m), Northwestern Medical Center Inc ($127.7m) and Calvary Hospital Inc ($127.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $1.8m (1.5% of expenses). Other salaries and wages came to $52.8m. At year end it held assets of $57.5m against liabilities of $31.2m, net assets of $26.3m. It reported 1,327 employees.