Partners in Ministry Inc

Analysis

Partners in Ministry Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Partners in Ministry Inc reported income of $102k and spending of $100k, spending 98% of its income. Across the 4 years on record, from April 2020 to April 2023, income fell from $125k to $102k (-18%), an average of -6.4% a year. The sharpest change came in the year to April 2021, when income dropped by 19%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Partners in Ministry Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within DE. Charities of a similar size with the same main cause include Iglesia de Cristo Buenos Samaritanos ($102k), Secular Association Totus Tuus Inc ($102k) and International Christian Partners LLC ($102k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $18k (18% of expenses). Other salaries and wages came to $389. At year end it held assets of $16k against liabilities of $7,253, net assets of $9,116. It reported 4 employees.