Great Adventure Ministries

Analysis

Great Adventure Ministries is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 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, Great Adventure Ministries reported income of $194k and spending of $200k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $478k to $194k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Adventure Ministries sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NE. Charities of a similar size with the same main cause include Hip Wah School ($194k), Sequoia Parents Nursery School Inc ($194k) and Great River Honor Flight ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $18k (9.0% of expenses). Other salaries and wages came to $88k. At year end it held assets of $102k against liabilities of $0, net assets of $102k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.