Lynchburg Covenant Fellowship Inc

Analysis

Lynchburg Covenant Fellowship Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in February 1971, 55 years ago. 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, Lynchburg Covenant Fellowship Inc reported income of $854k and spending of $911k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $627k to $854k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynchburg Covenant Fellowship Inc sits at the 76th percentile: it is larger than about 76% 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 Boots for Troops ($854k), Star Telegram Charities Inc ($855k) and Mt Pleasant Home ($854k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $134k (15% of expenses). Other salaries and wages came to $437k. At year end it held assets of $6.5m against liabilities of $418k, net assets of $6.1m. It reported 14 employees.