Mina Ministries Inc

Analysis

Mina Ministries Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2011, 15 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 2022, Mina Ministries Inc reported income of $422k and spending of $375k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $282k to $422k (+49%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mina Ministries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Tower of Refuge ($421k), Berean Assembly Ministries Inc ($422k) and Shaarei Shalom Inc ($421k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $103k (27% of expenses). At year end it held assets of $399k against liabilities of $12k, net assets of $388k. It reported 22 employees.