Lakeshore Foundation Inc

Analysis

Lakeshore Foundation Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakeshore Foundation Inc reported income of $484k and spending of $149k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $471k to $484k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakeshore Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Douglas Memorial Community Church Village Inc ($484k), Opportunity Inc ($485k) and Midway Pointe ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $10.4m against liabilities of $86k, net assets of $10.3m.