Gull Lake Ministries

Analysis

Gull Lake Ministries is a registered charity in United States, based in Hickory CRNRS, MI. It received its IRS tax-exemption ruling in January 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Gull Lake Ministries reported income of $5.2m and spending of $4.2m, leaving 21% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.2m to $5.2m (+63%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gull Lake Ministries sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Chevra Kadisha-Sinai Memorial Chapel ($5.2m), Allegany Franciscan Ministries Inc ($5.3m) and Destined to Win Family Outreach Ministries Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $153k (3.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $30.6m against liabilities of $1.0m, net assets of $29.6m. It reported 173 employees.