Lake Junaluska Assembly Inc

Analysis

Lake Junaluska Assembly Inc is a registered charity in United States, based in LK Junaluska, NC. It received its IRS tax-exemption ruling in January 1959, 67 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2022, Lake Junaluska Assembly Inc reported income of $16.9m and spending of $13.4m, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $12.9m to $16.9m (+31%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lake Junaluska Assembly Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Lifeline Childrens Services Inc ($16.7m), South Carolina Christian Foundation ($17.0m) and Josiah Venture NFP ($16.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 33% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $267k (2.0% of expenses). Other salaries and wages came to $4.7m. It paid $41k in professional fundraising fees. At year end it held assets of $32.6m against liabilities of $5.7m, net assets of $27.0m. It reported 306 employees.