Lake Louise Christian Community

Analysis

Lake Louise Christian Community is a registered charity in United States, based in Boyne Falls, MI. It received its IRS tax-exemption ruling in May 1945, 81 years ago. 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 December 2023, Lake Louise Christian Community reported income of $935k and spending of $832k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $935k (-48%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Louise Christian Community sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include New Hope Christian Counseling Foundation Inc ($935k), Kboo Foundation ($936k) and Community Fire Company of Perryville MD Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $58k (6.9% of expenses). Other salaries and wages came to $237k. At year end it held assets of $5.3m against liabilities of $234k, net assets of $5.1m. It reported 12 employees.