Lake Ann Baptist Camp Inc

Analysis

Lake Ann Baptist Camp Inc is a registered charity in United States, based in Lake Ann, MI. It received its IRS tax-exemption ruling in March 1971, 55 years ago. 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, Lake Ann Baptist Camp Inc reported income of $4.3m and spending of $4.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.3m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Ann Baptist Camp Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include The House Inc ($4.3m), Arc Riverside ($4.3m) and Christiana Fire Company ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $60k (1.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $14.6m against liabilities of $854k, net assets of $13.8m. It reported 214 employees.