Lake James Christian Assembly Inc

Analysis

Lake James Christian Assembly Inc is a registered charity in United States, based in Angola, IN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Lake James Christian Assembly Inc reported income of $795k and spending of $849k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $621k to $795k (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lake James Christian Assembly Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include City Gate Church Inc ($794k), DC Metro Saisamsthan Inc ($795k) and Greater Cleveland Shiva - Vishnu Temple Inc ($794k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $300k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 32 employees.