Lake Christian Ministries Inc

Analysis

Lake Christian Ministries Inc is a registered charity in United States, based in Moneta, VA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Christian Ministries Inc reported income of $852k and spending of $659k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $852k (+83%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Christian Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include AIDS Research & Assistance Institute ($852k), Marion County Childrens Alliance ($852k) and Shaarei Refuah Inc ($852k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $130k. At year end it held assets of $1.9m against liabilities of $2,604, net assets of $1.9m. It reported 4 employees.