Deaf Service Center of Lake County

Analysis

Deaf Service Center of Lake County is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in February 1992, 34 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 December 2023, Deaf Service Center of Lake County reported income of $203k and spending of $227k, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $170k to $203k (+19%), an average of +3.6% a year. The sharpest change came in the year to December 2019, when income rose by 17%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deaf Service Center of Lake County sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Ken Turner Ministries ($203k), Prison Professors Advocacy Corporation ($203k) and Vineyard Community Services ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $44k (19% of expenses). Other salaries and wages came to $23k. At year end it held assets of $141k against liabilities of $69k, net assets of $72k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.