Lake Mead Christian Ministries Development Inc

Analysis

Lake Mead Christian Ministries Development Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lake Mead Christian Ministries Development Inc reported income of $500k and spending of $785k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $500k (-55%), an average of -18% a year. The sharpest change came in the year to June 2021, when income rose by 912%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lake Mead Christian Ministries Development Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include Staying True to Americas National Destiny Foundation Inc ($500k), Fellowship Hi Crest Inc ($500k) and Hope for Iraqi Christians ($499k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.0m against liabilities of $50, net assets of $10.0m.