Lake Superior Bible Conference Association

Analysis

Lake Superior Bible Conference Association is a registered charity in United States, based in Eagle River, MI. It received its IRS tax-exemption ruling in August 1943, 83 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 Superior Bible Conference Association reported income of $541k and spending of $555k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $729k to $541k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Superior Bible Conference Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Army Week Association ($541k), Destiny Ministries ($541k) and Las Familias Del Pueblo ($541k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $114k (21% of expenses). Other salaries and wages came to $92k. At year end it held assets of $2.5m against liabilities of $2.5m, net assets of $0. It reported 28 employees.