North Carolina Foundation for Christian Ministries

Analysis

North Carolina Foundation for Christian Ministries is a registered charity in United States, based in Mount Olive, NC. It received its IRS tax-exemption ruling in August 2014, 12 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, North Carolina Foundation for Christian Ministries reported income of $1.6m and spending of $467k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income dropped by 227%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, North Carolina Foundation for Christian Ministries sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Activation Church Inc ($1.6m), Chosen Vision ($1.6m) and Gems Global ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $13k. At year end it held assets of $9.8m against liabilities of $9,331, net assets of $9.8m. It reported 1 employees.