Pivot Ministries Inc

Analysis

Pivot Ministries Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in March 1966, 60 years ago. 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, Pivot Ministries Inc reported income of $1.2m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $842k to $1.2m (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pivot Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Foundation for Public Relations Research and Education Inc ($1.2m), Miracles Counseling Center ($1.2m) and Center for Information of Elgin ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $433k (40% of expenses). Other salaries and wages came to $33k. At year end it held assets of $2.2m against liabilities of $56k, net assets of $2.2m. It reported 23 employees.