Lake Community Action Agency Inc

Analysis

Lake Community Action Agency Inc is a registered charity in United States, based in Eustis, FL. It received its IRS tax-exemption ruling in June 1966, 60 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 September 2023, Lake Community Action Agency Inc reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $3.5m (+140%), an average of +24% a year. The sharpest change came in the year to September 2021, when income rose by 92%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Community Action Agency Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include The Palm Beach Jewish Community Campus Corporation ($3.5m), Northeast Kansas Area Agency on Aging ($3.5m) and Rise Community Solutions Inc ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $192k (5.5% of expenses). Other salaries and wages came to $498k. At year end it held assets of $689k against liabilities of $254k, net assets of $436k. It reported 24 employees.