Cape Ministry Inc

Analysis

Cape Ministry Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Cape Ministry Inc reported income of $115k and spending of $118k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $115k (+6.4%), an average of +6.4% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cape Ministry Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Backpack Project Inc ($115k), Undestructable ($115k) and Korean Adoptees Ministry Center ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $378k against liabilities of $334k, net assets of $44k.