Lake Basin Seniors Inc

Analysis

Lake Basin Seniors Inc is a registered charity in United States, based in Rapelje, MT. It received its IRS tax-exemption ruling in December 2020, 6 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 Basin Seniors Inc reported income of $115k and spending of $95k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $115k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Basin Seniors Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within MT. Charities of a similar size with the same main cause include Kitsap Shop with a Cop ($115k), Ballantyne Families Helping Neighbors in Need ($115k) and Family Personal Care Home Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $31k. At year end it held assets of $55k against liabilities of $0, net assets of $55k. It reported 6 employees.