Shunem Ministries Inc

Analysis

Shunem Ministries Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in July 2006, 20 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, Shunem Ministries Inc reported income of $128k and spending of $92k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $101k to $128k (+27%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 40%. 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, Shunem Ministries Inc 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 43rd percentile, and in the 41st percentile within IN. Charities of a similar size with the same main cause include Live at the Well ($128k), Love & Purity Ministry ($128k) and Gospel Growers Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $482k against liabilities of $191k, net assets of $291k.