Lakeshore Foundation

Analysis

Lakeshore Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in October 1942, 84 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Lakeshore Foundation reported income of $10.6m and spending of $12.3m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.5m to $10.6m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to September 2021, when income rose by 112%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeshore Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within AL. Charities of a similar size with the same main cause include Highland Rivers Foundation Inc ($10.6m), The RWJ University Hospital Foundation Inc ($10.6m) and Wellness Together ($10.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $1.6m (13% of expenses). Other salaries and wages came to $3.8m. It paid $212k in professional fundraising fees. At year end it held assets of $95.2m against liabilities of $11.4m, net assets of $83.8m. It reported 144 employees.