Lake Chautauqua Lutheran Center Inc

Analysis

Lake Chautauqua Lutheran Center Inc is a registered charity in United States, based in Bemus Point, NY. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Chautauqua Lutheran Center Inc reported income of $658k and spending of $542k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $781k to $658k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Chautauqua Lutheran Center Inc 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 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Mission East Asian National Support ($658k), Work of Christ Community ($658k) and Association for Education Finance and Policy Inc ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $54k (10.0% of expenses). Other salaries and wages came to $108k. At year end it held assets of $2.7m against liabilities of $26k, net assets of $2.7m. It reported 21 employees.