Lakewood Residential Care Facility Inc

Analysis

Lakewood Residential Care Facility Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in January 1992, 34 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, Lakewood Residential Care Facility Inc reported income of $325k and spending of $404k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $325k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 257%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakewood Residential Care Facility 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 63rd percentile, and in the 64th percentile within AR. Charities of a similar size with the same main cause include Rural Community Food Pantry ($325k), Dress for Success of Western Massachusetts Inc ($325k) and Illinois S O Foundation ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $198k. At year end it held assets of $847k against liabilities of $145k, net assets of $702k. It reported 11 employees.