Micah Ecumenical Ministries Inc

Analysis

Micah Ecumenical Ministries Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Micah Ecumenical Ministries Inc reported income of $3.5m and spending of $3.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.5m (+121%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Micah Ecumenical Ministries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Camphill Ghent Inc ($3.5m), Fannie E Taylor Home for the Aged Taylor Manor Inc ($3.5m) and Promise Development Corporation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $72k (2.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.9m against liabilities of $109k, net assets of $3.8m. It reported 45 employees.