Lake Area Ministries Inc

Analysis

Lake Area Ministries Inc is a registered charity in United States, based in Camdenton, MO. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Lake Area Ministries Inc reported income of $110k and spending of $89k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $261k to $110k (-58%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Area Ministries Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MO. Charities of a similar size with the same main cause include Golden Valley Community Foundation ($110k), Fop Shop with a Cop Inc ($110k) and Garrison Gives Hope Inc ($110k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $41k. At year end it held assets of $681k against liabilities of $178, net assets of $681k. It reported 5 employees.