Lake Retreat Ministries Inc

Analysis

Lake Retreat Ministries Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Retreat Ministries Inc reported income of $358k and spending of $384k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $358k (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lake Retreat Ministries Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within AR. Charities of a similar size with the same main cause include Living Threads ($358k), Discover Your Mission Inc ($358k) and Our Lady of Light Foundation ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $178k. At year end it held assets of $125k against liabilities of $20k, net assets of $105k. It reported 7 employees.