Lake Family Resource Center

Analysis

Lake Family Resource Center is a registered charity in United States, based in Kelseyville, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lake Family Resource Center reported income of $4.0m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.0m (+16%), an average of +3.7% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Family Resource Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Nicholas Community Action Partnership Inc ($4.0m), Mothers Refuge ($4.0m) and Moore Residential and Related Services ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $204k (5.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m. It reported 72 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.