Lake Woods Senior Housing Association of Snohomish County

Analysis

Lake Woods Senior Housing Association of Snohomish County is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Woods Senior Housing Association of Snohomish County reported income of $830k and spending of $662k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $830k (+190%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Woods Senior Housing Association of Snohomish County sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Sisdgolc LLC ($830k), Covenant Foundation Inc ($830k) and American Endurance Ride Conference Inc ($829k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 22% of the total. Other salaries and wages came to $84k. At year end it held assets of $1.8m against liabilities of $72k, net assets of $1.7m.