Lakeshore Estate Inc

Analysis

Lakeshore Estate Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1955, 71 years ago. 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 December 2023, Lakeshore Estate Inc reported income of $20.0m and spending of $16.5m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.7m to $20.0m (+20%), an average of +4.6% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeshore Estate Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include The Rehabilitation Group of Pennsylvania Inc ($20.0m), Foundation for Educational Services Inc ($20.0m) and Honolulu Community Action Program ($19.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 76% of the total. At year end it held assets of $26.5m against liabilities of $21.8m, net assets of $4.7m.