Lakeway Center of the Handicapped Inc

Analysis

Lakeway Center of the Handicapped Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in December 1979, 47 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 June 2023, Lakeway Center of the Handicapped Inc reported income of $13.5m and spending of $13.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $13.5m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeway Center of the Handicapped Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include Cape Retirement Community Inc ($13.5m), Outright Action International ($13.5m) and Community Alternatives Unlimited ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $10.0m. At year end it held assets of $6.6m against liabilities of $510k, net assets of $6.1m. It reported 190 employees.