Lakeside Gardens Inc

Analysis

Lakeside Gardens Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending September 2023, Lakeside Gardens Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $946k to $1.1m (+20%), an average of +4.6% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakeside Gardens Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Berean Housing Development Fund Company Inc ($1.1m), Westhaven Orland Development ($1.1m) and Tolton Senior Housing Corporation ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $306k. At year end it held assets of $1.4m against liabilities of $347k, net assets of $1.1m. It reported 5 employees.