Lake Pointe Family Ministries of the Carolinas Inc

Analysis

Lake Pointe Family Ministries of the Carolinas Inc is a registered charity in United States, based in York, SC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Lake Pointe Family Ministries of the Carolinas Inc reported income of $1.4m and spending of $911k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income grew from $773k to $1.4m (+87%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lake Pointe Family Ministries of the Carolinas Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Pentecostal Church New Rebirth ($1.4m), Total Living International Inc ($1.4m) and Sri Lakshmi Venkateswara Temple and Cultural Center ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 82% of the total. Other salaries and wages came to $479k. At year end it held assets of $4.3m against liabilities of $1.8m, net assets of $2.5m. It reported 15 employees.