Camp Lurecrest Inc

Analysis

Camp Lurecrest Inc is a registered charity in United States, based in Lake Lure, NC. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Camp Lurecrest Inc reported income of $2.4m and spending of $2.4m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+51%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Camp Lurecrest Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Woods Community Center Inc ($2.4m), KC Fusion Soccer Club ($2.4m) and Puget Sound Amateur Icesports Association ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $89k (3.8% of expenses). Other salaries and wages came to $455k. At year end it held assets of $4.0m against liabilities of $43k, net assets of $4.0m. It reported 120 employees.