Aldersgate Special Needs Ministry

Analysis

Aldersgate Special Needs Ministry is a registered charity in United States, based in Irmo, SC. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Aldersgate Special Needs Ministry reported income of $2.1m and spending of $1.9m, spending 87% of its income. Across the 3 years on record, from June 2020 to June 2024, income grew from $1.3m to $2.1m (+60%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aldersgate Special Needs Ministry sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Irving Schools Foundation ($2.1m), Hamptons International Film Festival Inc ($2.1m) and Mobilise Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 9.9% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.5m against liabilities of $372k, net assets of $3.1m. It reported 45 employees.