Lake Springfield Christian Assembly

Analysis

Lake Springfield Christian Assembly is a registered charity in United States, based in Chatham, IL. It received its IRS tax-exemption ruling in May 1940, 86 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Springfield Christian Assembly reported income of $801k and spending of $657k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $558k to $801k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Springfield Christian Assembly sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Minnetonka Baseball Association ($801k), Azzurri Storm Soccer Club Inc ($801k) and Wisconsin Trapshooting Association Inc ($799k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $167k. At year end it held assets of $298k against liabilities of $0, net assets of $298k. It reported 35 employees.