Lake City Healthcare Foundation
Lake City Healthcare Foundation shows recent revenue surge and expense reduction after years of operating deficits.
EIN: 202902140 · Lake City, SC · NTEE: W22 · Updated: 2026-03-28
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Lake City Healthcare Foundation is mapped to EIN 202902140.
IRS BMF exempt record needs review
Open IRS TEOS or BMF source before relying on exemption status.
IRS Pub 78 deductibility needs review
Pub 78 eligibility should be verified in IRS TEOS before money changes hands.
IRS automatic revocation needs review
Check the official auto-revocation bulk source or cached evidence before relying on current exemption.
IRS Form 990 index verified
7 stored filing years available.
Raw 990 source linked
Open ProPublica to verify the raw filing record and PDFs.
Filing depth verified
7 stored filing years available.
State charity registration manual confirmation
Open SC charity regulator via NASCO; the workflow stops for human confirmation unless a stable source is cached.
Candid / GuideStar profile api pending
Candid API access is not configured; open manually and do not count as verified evidence.
Charity Navigator rating api pending
Charity Navigator API access is not configured; open manually and do not count as verified evidence.
Source and Resolution Links
Finish the Investigation Outside Our Dataset
When the answer lives with the IRS, ProPublica, Candid, Charity Navigator, or the nonprofit itself, NonprofitSpending links out instead of trapping the user on a partial answer.
IRS tax-exempt lookup
Verify exemption status and deductibility directly with the IRS.
IRS bulk evidence downloads
Check Pub 78, automatic revocation, 990-N, and Form 990 bulk evidence sources.
IRS EO BMF extract
Open the official Business Master File extract source for tax-exempt organization records.
ProPublica 990 source
Open the raw filing record and filing PDFs outside NonprofitSpending.
SC charity regulator via NASCO
Confirm state charity registration or solicitation status where applicable.
Candid profile search
Look for GuideStar/Candid profile details, programs, leadership, and seals.
Charity Navigator search
Check whether another evaluator has ratings or impact context.
Workflow Engine
Queries We Should Resolve, Not Just Answer
Search Console demand points to task completion. Each workflow can run calculations, source checks, external lookups, comparisons, and report/export capture around this nonprofit.
Verify tax status Runnable
Triggered by: 501(c)(3), tax deductible, EIN
IRS status check plus source links
Verify official evidence Runnable
Triggered by: IRS Pub 78, BMF, revocation, 990 index, state registration
Official-source evidence matrix with human stops where a state portal must be checked.
Find source filings Runnable
Triggered by: 990 PDF, annual report, filing record
7 stored filing years plus ProPublica source
Crunch money signals Runnable
Triggered by: program expense ratio, CEO salary, revenue, grants
85% program spend, health grade A
Compare alternatives Runnable
Triggered by: best charities, similar nonprofits, compare
4 peer options surfaced
Resolve leadership and board Runnable
Triggered by: executive team, trustees, officer pay
Use 990 compensation disclosures and external profile links.
Donation decision copilot Runnable
Triggered by: should I donate, give or compare, charity safety
Eligibility, money signals, sources, peer context, and next action.
Grantmaker due diligence Runnable
Triggered by: foundation review, grant risk, grantee capacity
Foundation-style packet across filings, finances, governance, and gaps.
Impact evidence finder Runnable
Triggered by: outcomes, annual report, cost effectiveness
Separate actual impact evidence from raw 990 financial cleanliness.
Room for more funding Runnable
Triggered by: would my donation help, funding gap, marginal impact
Revenue trend, runway, surplus/deficit, and source follow-ups.
Operator transparency diagnostic Runnable
Triggered by: how does my nonprofit look to donors
Profile, filing, impact, and transparency improvements to earn trust.
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $39K |
| Program Spending | 85% |
| Net Assets | $125K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Lake City Healthcare Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lake City Healthcare Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lake City Healthcare Foundation in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $316K and expenses of $39K.
Revenue and Expenses
Lake City Healthcare Foundation reported $316K in revenue and $39K in expenses, a surplus of $277K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Lake City Healthcare Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $33K (85%) |
Across stored filings, Lake City Healthcare Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 7 stored filing years |
| Peer context | Compare with Sigma Delta Pi | South Carolina and Category W context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Sigma Delta Pi →All South Carolina nonprofits
All Category W
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Lake City, SC nonprofitsCategory W in South Carolina
Public Benefit in South Carolina
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Category W spending
Best Category W charities in South Carolina
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Center For Scholarship Administration Inc
Taylors, SC · $1.1M revenue · Score 95/100
Compare side-by-sideSigma Delta Pi
Charleston, SC · $162K revenue · Score 95/100
Compare side-by-sideGreg Mathis Charter High School
N Charleston, SC · $1.6M revenue · Score 92/100
Compare side-by-sideSouth Carolina United Methodist Camps And Retreat Ministries
Greenville, SC · $2.3M revenue · Score 85/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Research Workflow
Turn this Form 990 profile into a donor-ready report
Request a concise report for Lake City Healthcare Foundation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.
Lake City Healthcare Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake City Healthcare Foundation
Lake City Healthcare Foundation (EIN: 202902140) is a nonprofit organization based in Lake City, SC, classified under NTEE code W22. The organization reported total revenue of $91K and total assets of $308K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake City Healthcare Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake City Healthcare Foundation is a micro nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 29.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $39K |
| Surplus / Deficit | +$277K |
| Total Assets | $125K |
| Net Assets | $125K |
| Operating Margin | 87.8% |
| Months of Reserves | 38.8 months |
Financial Health Grade: A
In 2023, Lake City Healthcare Foundation reported a surplus of $277K with revenue exceeding expenses, holds 38.8 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Lake City Healthcare Foundation's revenue has grown at a compound annual growth rate (CAGR) of 29.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +431.7% | -63.4% | -83.4% |
| 2022 | +-0.0% | -4.8% | -8.3% |
| 2021 | +0.0% | -1.6% | -8.6% |
| 2020 | +-0.0% | -0.7% | -8.0% |
| 2019 | -1.7% | +-0.0% | -7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake City Healthcare Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lake City Healthcare Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $277K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Lake City Healthcare Foundation's IRS 990 filings:
- Consistent operating deficits from 2017-2022 where expenses significantly exceeded revenue.
- High liabilities relative to assets in prior years (e.g., $899,783 liabilities vs. $751,494 assets in 202206).
- Dramatic, unexplained financial shifts between 2022 and 2023 filings, warranting further scrutiny.
Strengths
The following positive indicators were identified for Lake City Healthcare Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Significant improvement in financial health in the latest 202306 filing with high revenue and low expenses.
- Elimination of substantial liabilities in the most recent reporting period.
Frequently Asked Questions about Lake City Healthcare Foundation
Is Lake City Healthcare Foundation a legitimate charity?
Lake City Healthcare Foundation (EIN: 202902140) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 7 years of IRS 990 filings on record. Total revenue: $91K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Lake City Healthcare Foundation spend its money?
Lake City Healthcare Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake City Healthcare Foundation tax-deductible?
Lake City Healthcare Foundation is registered as a tax-exempt nonprofit (EIN: 202902140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lake City Healthcare Foundation's spending goes to programs?
Lake City Healthcare Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lake City Healthcare Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lake City Healthcare Foundation is above average for NTEE category W22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake City Healthcare Foundation located?
Lake City Healthcare Foundation is headquartered in Lake City, South Carolina and files with the IRS under EIN 202902140. It is classified under NTEE code W22.
How many years of IRS 990 filings does Lake City Healthcare Foundation have?
Lake City Healthcare Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $91K in total revenue.
What caused the significant increase in revenue and decrease in expenses in the 202306 period?
The IRS 990 data shows a dramatic shift from $59,424 in revenue and $105,234 in expenses in 202206 to $315,967 in revenue and $38,532 in expenses in 202306. This could be due to a large one-time donation, a new grant, or a change in operational strategy. Further details would require reviewing the full 990 form for that period.
How did the organization eliminate its liabilities, which were nearly $900,000 in 2022, to $0 in 2023?
The filings show liabilities dropping from $899,783 in 202206 to $0 in 202306. This significant reduction could be due to debt repayment, forgiveness, or a reclassification of funds. The specific mechanism is not detailed in the summary data provided.
What are the primary program activities of Lake City Healthcare Foundation?
The NTEE code W22 indicates 'Hospital & Primary Health Care Support'. While the summary data doesn't detail specific programs, the organization likely supports healthcare services or facilities in Lake City, SC.
Filing History
IRS 990 filing history for Lake City Healthcare Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Lake City Healthcare Foundation's revenue has grown by 369.4%, moving from $67K to $316K. Total assets decreased by 89% over the same period, from $1.1M to $125K. Total functional expenses fell by 68.1%, from $121K to $39K. In its most recent filing year (2023), Lake City Healthcare Foundation reported a surplus of $277K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316K | $39K | $125K | $0 | — | View 990 |
| 2022 | $59K | $105K | $751K | $900K | — | View 990 |
| 2021 | $59K | $111K | $819K | $927K | — | View 990 |
| 2020 | $59K | $112K | $897K | $953K | — | View 990 |
| 2019 | $59K | $113K | $975K | $979K | — | View 990 |
| 2018 | $60K | $113K | $1.1M | $1.0M | — | View 990 |
| 2017 | $67K | $121K | $1.1M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $316K, expenses of $39K, and assets of $125K (revenue +431.7% year-over-year).
- 2022: Revenue of $59K, expenses of $105K, and assets of $751K (revenue +-0.0% year-over-year).
- 2021: Revenue of $59K, expenses of $111K, and assets of $819K (revenue +0.0% year-over-year).
- 2020: Revenue of $59K, expenses of $112K, and assets of $897K (revenue +-0.0% year-over-year).
- 2019: Revenue of $59K, expenses of $113K, and assets of $975K (revenue -1.7% year-over-year).
- 2018: Revenue of $60K, expenses of $113K, and assets of $1.1M (revenue -10.2% year-over-year).
- 2017: Revenue of $67K, expenses of $121K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake City Healthcare Foundation:
Data Sources and Methodology
This transparency report for Lake City Healthcare Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.