Caribbean Ministries Association

Analysis

Caribbean Ministries Association is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 2004, 22 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, Caribbean Ministries Association reported income of $948k and spending of $925k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $779k to $948k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Caribbean Ministries Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Institute for Global Opportunities Inc ($948k), Be Able Inc ($949k) and Slavic Missionary Bible School Inc ($947k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $105k (11% of expenses). At year end it held assets of $374k against liabilities of $10k, net assets of $364k. It reported 6 employees.