Citizens of Lake County for Health Care Inc

Analysis

Citizens of Lake County for Health Care Inc is a registered charity in United States, based in Tiptonville, TN. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Citizens of Lake County for Health Care Inc reported income of $4.1m and spending of $4.6m, spending 110% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $2.6m to $4.1m (+62%), an average of +13% a year. The sharpest change came in the year to January 2021, when income rose by 60%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Citizens of Lake County for Health Care Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Mental Health Center of Western Maryland Inc ($4.1m), Medical Association of Georgia Foundation Inc ($4.1m) and Landmark Home Health Care Services ($4.1m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $327k (7.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.1m against liabilities of $551k, net assets of $3.6m. It reported 51 employees.