Laurel Lake Baptist Camp Inc

Analysis

Laurel Lake Baptist Camp Inc is a registered charity in United States, based in Corbin, KY. It received its IRS tax-exemption ruling in August 1985, 41 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 August 2024, Laurel Lake Baptist Camp Inc reported income of $459k and spending of $488k, spending 106% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income grew from $241k to $459k (+91%), an average of +18% a year. The sharpest change came in the year to August 2022, when income rose by 48%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel Lake Baptist Camp Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Bennett Housing Corporation ($459k), Anthracite Region Center for Inde- Pendent Living Ltd ($459k) and Life Experiences Inc ($459k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $30k (6.1% of expenses). Other salaries and wages came to $90k. At year end it held assets of $873k against liabilities of $7,755, net assets of $865k. It reported 13 employees.