Lassid Ministries Inc

Analysis

Lassid Ministries Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2003, 23 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, Lassid Ministries Inc reported income of $508k and spending of $519k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $508k (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lassid Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include Behold Ministries Inc ($508k), Catholic Rainbow Outreach ($509k) and Be the Gift Incorporated ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $142k (27% of expenses). Other salaries and wages came to $130k. At year end it held assets of $114k against liabilities of $45k, net assets of $69k. It reported 14 employees.