Lake Region Homes Inc

Analysis

Lake Region Homes Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in June 1984, 42 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lake Region Homes Inc reported income of $95k and spending of $40k, leaving 58% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $115k to $95k (-18%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Region Homes Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include International Society for Mannosidosis & Related Disease Inc ($95k), Specialized Safety Training Inc ($95k) and Oral Facial Surgery Institute Educational Fellowship Program ($95k).

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 $168k against liabilities of $706k, net assets of -$538k.