Acts 4 Ministry Inc

Analysis

Acts 4 Ministry Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Acts 4 Ministry Inc reported income of $467k and spending of $294k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $467k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acts 4 Ministry Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Mercer Island Youth and Family Services Foundation ($467k), Seagraves Senior Citizens Center Inc ($468k) and Oakland Institute ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $92k (31% of expenses). Other salaries and wages came to $14k. At year end it held assets of $220k against liabilities of $371, net assets of $220k. It reported 2 employees.