721 Ministries Inc

Analysis

721 Ministries Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in November 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, 721 Ministries Inc reported income of $372k and spending of $353k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $261k to $372k (+42%), an average of +7.3% a year. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 721 Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include Metanoia Missions International ($372k), Onward Church Planting Inc ($372k) and Regenerating Life Ministries Inc ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $160k (45% of expenses). Other salaries and wages came to $2,085. At year end it held assets of $226k against liabilities of $0, net assets of $226k. It reported 1 employees.