Miracle Lake Inc

Organization Overview

Miracle Lake Inc is located in Etowah, TN. The organization was established in 1982. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Miracle Lake Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miracle Lake Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Miracle Lake Inc generated $889.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $788.3k during the year ending 12/2022. While expenses have increased by 8.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE DEVELOPMENT AND OPERATION OF A RESIDENTIAL CHRISTIAN TRAINING CENTER CATERING TO MEN WITH DETRIMENTAL, LIFE CONTROLLING BACKGROUNDS, SUCH AS ALCOHOLISM, DRUG ADDITION, CRIMINAL BEHAVIOR, AND ETC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHRISTIAN TRAINING CENTER FOR MEN THAT ARE LOOKING FOR AN ALTERNATIVE LIFESTYLE FROM DRUGS, ALCOHOL, AND CRIMINAL MINDED BEHAVIOR. IN 2021 THERE WERE 139 MEN THAT ENTERED THE PROGRAM AND MANY WERE SET FREE FROM LIFE CONTROLLING ADDICTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
David R Mayfield
Chairman
$0
Robert Bookout
Vice Chairman
$0
Charles Pope
Vice Chairman
$0
Jack Bryan
Secretary
$0
Gary Hyde
Treasurer
$0
Richard Smith
Chaplain
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$529,974
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$529,974
Total Program Service Revenue$160,748
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $889,525

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