Grindstone Lake Bible Camp

Analysis

Grindstone Lake Bible Camp is a registered charity in United States, based in Sandstone, MN. It received its IRS tax-exemption ruling in April 1981, 45 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 (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Grindstone Lake Bible Camp reported income of $189k and spending of $222k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $179k to $189k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Grindstone Lake Bible Camp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Hamilton Hoops Ltd ($189k), Liminal Health and Fitness ($189k) and St Charles Soccer League ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $20k (8.8% of expenses). Other salaries and wages came to $51k. At year end it held assets of $790k against liabilities of -$1,744, net assets of $792k. It reported 43 employees.