South Lake Community Ministries Inc

Analysis

South Lake Community Ministries Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Lake Community Ministries Inc reported income of $1.1m and spending of $382k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $1.1m (+890%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 299%. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, South Lake Community Ministries Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Society of St John the Wonderworker Monastery ($1.1m), St Lukes Methodist Church Foundation Inc 3471 Westheimer RD ($1.1m) and The Rabinowitz Institute Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $153k. At year end it held assets of $1.5m against liabilities of $35k, net assets of $1.4m. It reported 4 employees.