Lakeland Care Incorporated

Analysis

Lakeland Care Incorporated is a registered charity in United States, based in Fond du Lac, WI. It received its IRS tax-exemption ruling in May 2017, 9 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 December 2023, Lakeland Care Incorporated reported income of $382.5m and spending of $394.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $283.4m to $382.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakeland Care Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Sentara Medical Group ($381.4m), Carilion Services Inc ($382.6m) and Medical Faculty Associates Inc ($380.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $471k (0.1% of expenses). Other salaries and wages came to $34.0m. At year end it held assets of $81.2m against liabilities of $42.3m, net assets of $39.0m. It reported 691 employees.