Lake Bowen Church Child Development Center

Analysis

Lake Bowen Church Child Development Center is a registered charity in United States, based in Inman, SC. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Lake Bowen Church Child Development Center reported income of $827k and spending of $746k, spending 90% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $443k to $827k (+87%), an average of +23% a year. The sharpest change came in the year to July 2023, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Bowen Church Child Development Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Cox Employee Relief Fund Inc ($827k), Germantown Life Enrichment Center ($827k) and Harmony House Child Advocacy Center Inc ($827k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $509k. At year end it held assets of $296k against liabilities of $1,261, net assets of $294k. It reported 57 employees.