Lakeshore Food Club

Analysis

Lakeshore Food Club is a registered charity in United States, based in Ludington, MI. It received its IRS tax-exemption ruling in June 2017, 9 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, Lakeshore Food Club reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from March 2020 to December 2023, income grew from $256k to $1.5m (+471%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakeshore Food Club sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Diversity in Health Training Institute ($1.5m), Southeastern Childrens Home ($1.5m) and Iowa Coalition Against Domestic Vio Lence ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $70k (4.9% of expenses). Other salaries and wages came to $119k. At year end it held assets of $503k against liabilities of $36k, net assets of $467k. It reported 5 employees.