Lake Logan Episcopal Center

Analysis

Lake Logan Episcopal Center is a registered charity in United States, based in Canton, NC. It received its IRS tax-exemption ruling in December 1964, 62 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, Lake Logan Episcopal Center reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Logan Episcopal Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include The Emmanuel Cancer Foundation Inc ($1.5m), Exodus Building ($1.5m) and Vernon Council on Aging Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Other salaries and wages came to $555k. At year end it held assets of $429k against liabilities of $191k, net assets of $238k. It reported 36 employees.