Meet the Need Ministries Inc

Analysis

Meet the Need Ministries Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 2004, 22 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, Meet the Need Ministries Inc reported income of $309k and spending of $321k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $309k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Meet the Need Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Mission Ukraine ($309k), Talented Foundation ($309k) and Kingdom Praise Ministries Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (15% of expenses). Other salaries and wages came to $72k. At year end it held assets of $176k against liabilities of $0, net assets of $176k. It reported 2 employees.