Lagoshen Family Life Skills & Enrichment Center

Analysis

Lagoshen Family Life Skills & Enrichment Center is a registered charity in United States, based in Rossville, TN. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Lagoshen Family Life Skills & Enrichment Center reported income of $94k and spending of $124k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $141k to $94k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 143% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lagoshen Family Life Skills & Enrichment Center sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include The United Veterans Council of East Tennessee Inc ($94k), Parker County Childrens Alliance Board ($94k) and McLean County Extension Service Foundation ($94k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. Compensation of current officers, directors and key employees was $35k (28% of expenses). Other salaries and wages came to $21k. At year end it held assets of $845k against liabilities of $1.5m, net assets of -$621k. It reported 4 employees.

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.