Ed Tandy McGlasson Ministries Inc

Analysis

Ed Tandy McGlasson Ministries Inc is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in May 2005, 21 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, Ed Tandy McGlasson Ministries Inc reported income of $269k and spending of $275k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $358k to $269k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ed Tandy McGlasson Ministries Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Medina County Historical Society ($269k), Volunteers of America Inc ($269k) and Little League Baseball Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (39% of expenses). Other salaries and wages came to $63k. At year end it held assets of $82k against liabilities of $150k, net assets of -$69k. It reported 2 employees.