Lodestar Childrens Services Inc

Analysis

Lodestar Childrens Services Inc is a registered charity in United States, based in Farmingdale, NY. It received its IRS tax-exemption ruling in October 2016, 10 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 December 2023, Lodestar Childrens Services Inc reported income of $2.2m and spending of $1.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $2.2m (+721%), an average of +69% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lodestar Childrens Services Inc 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 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Council for Life ($2.2m), The Therapeutic Play Foundation Inc ($2.2m) and Lowcountry Orphan Relief ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $227k (12% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $894k against liabilities of $282k, net assets of $612k. It reported 146 employees.