Iredell Christian Ministries Inc

Analysis

Iredell Christian Ministries Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in March 2007, 19 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, Iredell Christian Ministries Inc reported income of $306k and spending of $277k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $306k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iredell Christian Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Children in Need Inc ($306k), Arizona Faith and Families ($306k) and Faith & Grief Ministries Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $73k. At year end it held assets of $997k against liabilities of $1,485, net assets of $995k. It reported 8 employees.