Rec Ministries

Analysis

Rec Ministries is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in August 2002, 24 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, Rec Ministries reported income of $66k and spending of $243k, spending 370% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $66k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income dropped by 493%. Over the whole period it spent 2424% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rec Ministries sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Greater Moores Chapel Cogic ($66k), Lift Jesus Higher Ministries ($66k) and Tel-A-Village International Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 154% of the total. Compensation of current officers, directors and key employees was $77k (32% of expenses). At year end it held assets of $684k against liabilities of $246k, net assets of $438k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.