Lake City Center Inc

Analysis

Lake City Center Inc is a registered charity in United States, based in Coeur D Alene, ID. It received its IRS tax-exemption ruling in August 1973, 53 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, Lake City Center Inc reported income of $527k and spending of $510k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $527k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake City Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within ID. Charities of a similar size with the same main cause include Run 2 Rescue ($527k), Unidad of Miami Beach Inc ($527k) and The Society of St Vincent de Paul Laconia Conference Inc ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 35% of the total. Other salaries and wages came to $164k. At year end it held assets of $617k against liabilities of $9,104, net assets of $608k. It reported 20 employees.