Lake Prince Center
Lake Prince Center reported $20.3 million in revenue and $20.5 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $64.65 went to program services, $35.35 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.7% of the total. The highest compensation it reported for one person was $602,457 (PRESIDENT AND CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 46% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 64.7% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 35.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 4.7% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.7% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $602,457 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.95% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 4 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -11.2 | 10.0 |
| Independent voting board members Part VI 1a–1b | 18 of 18 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 1.00 hrs/week | $0 | $553,900 | $48,557 | $602,457 |
| COO Officer, 39.00 hrs/week | $0 | $363,238 | $52,185 | $415,423 |
| CFO Officer, 1.00 hrs/week | $0 | $278,696 | $47,067 | $325,763 |
| EXECUTIVE DIRECTOR Key employee, 40.00 hrs/week | $226,140 | $0 | $36,432 | $262,572 |
| ADMINISTRATOR HOME HEALTH Highest compensated employee, 40.00 hrs/week | $120,403 | $0 | $9,558 | $129,961 |
| DIRECTOR OF NURSING Highest compensated employee, 40.00 hrs/week | $120,732 | $0 | $5,850 | $126,582 |
| DIRECTOR OF MARKETING Highest compensated employee, 40.00 hrs/week | $115,905 | $0 | $5,142 | $121,047 |
| ASSISTANT SECRETARY Officer, 39.00 hrs/week | $0 | $90,743 | $9,505 | $100,248 |
4 people received more than $100,000 in reportable compensation from Lake Prince Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $263K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b18 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5282
- Volunteers Part I, line 634
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| TRINITY REHAB LLC Rehab services | $1,363,109 |
| WC CARPENTER LLC Tile and carpet installation | $277,017 |
| SOUTHERN PHARMACY SERVICES-KV Pharmacy | $130,378 |
| STAR SECURITY & INVESTIGATIONS LLC Security services | $114,500 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Lake Prince Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Lake Prince Center, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Lake Prince Center spent in FY2025, $64.65 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Prairie Landing CommunityIndianapolis, IN · revenue $20M · programs 93.0% · 2024
- Skidaway Health and Living ServicesSavannah, GA · revenue $20M · programs 88.2% · 2024
- Habitat for Humanity of Greater IndianapolisIndianapolis, IN · revenue $20M · programs 86.0% · 2025
- Roc USA LlcConcord, NH · revenue $20M · programs 89.8% · 2024
- Massachusetts Housing Investment CorporationBoston, MA · revenue $20M · programs 88.6% · 2025
All housing & shelter charities · Largest charities in North Carolina
Questions people ask
How much of Lake Prince Center's spending goes to programs?
In the fiscal year ending September 30, 2025, Lake Prince Center reported that 64.7% of its $20.5 million in expenses went to program services, 35.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Lake Prince Center pay its top executive?
The largest total compensation Lake Prince Center reported for one person in the fiscal year ending September 30, 2025 was $602,457, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Lake Prince Center get its money?
Of $20.3 million in revenue in the fiscal year ending September 30, 2025, 4.7% came from contributions and grants and 91.7% from program service revenue (Form 990, Part VIII).
Is Lake Prince Center a registered charity?
The IRS lists EIN 56-2151716 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202632299349301508 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202522209349301522 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202412289349300226 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202340469349302474 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222249349302462 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202100479349300105 · read the filing
All filings for EIN 56-2151716: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.