Lake Mead Christian Ministries

Analysis

Lake Mead Christian Ministries is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lake Mead Christian Ministries reported income of $13.8m and spending of $13.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $13.8m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 137%. 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, Lake Mead Christian Ministries sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NV. Charities of a similar size with the same main cause include Community Action Program of East Central Oregon ($13.8m), Butte Home Health Inc ($13.8m) and Datta Yoga Center ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $226k (1.7% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $12.3m against liabilities of $10.9m, net assets of $1.4m. It reported 338 employees.