Lakeside Place Inc

Analysis

Lakeside Place Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lakeside Place Inc reported income of $85k and spending of $237k, spending 278% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $83k to $85k (+2.7%), an average of +0.7% a year. Over the whole period it spent 187% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakeside Place Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Father Al S Outreach Inc ($85k), Cozy Haven Homes Inc ($85k) and Aurora Homes Inc ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $872k against liabilities of $347k, net assets of $525k.

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.