United Methodist Church

Analysis

United Methodist Church is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Methodist Church reported income of $3.5m and spending of $272k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $3.5m (+1756%), an average of +108% a year. The sharpest change came in the year to December 2021, when income rose by 533%. Over the whole period it spent 17% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Methodist Church sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Horizons Unlimited of San Francisco Inc ($3.5m), South Carolina Acceleration Adacemies ($3.5m) and Lehigh Valley Center for Independant Living Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $100k (37% of expenses). Other salaries and wages came to $27k. At year end it held assets of $7.9m against liabilities of $4,200, net assets of $7.9m. It reported 2 employees.