Central Society for Clinical Research Lakeside Medical Ctr

Analysis

Central Society for Clinical Research Lakeside Medical Ctr is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 1952, 74 years ago. 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, Central Society for Clinical Research Lakeside Medical Ctr reported income of $125k and spending of $336k, spending 270% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $658k to $125k (-81%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Society for Clinical Research Lakeside Medical Ctr sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within WI. Charities of a similar size with the same main cause include Divine Child Alumni Association Foundation ($125k), Southern Business Administration Association ($125k) and Viking Aquatic Club Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $5,852 (1.7% of expenses). At year end it held assets of $1.7m against liabilities of $28k, net assets of $1.7m.