Connect Ministries Inc

Analysis

Connect Ministries Inc is a registered charity in United States, based in Watkinsville, GA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Connect Ministries Inc reported income of $3.8m and spending of $3.6m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.4m to $3.8m (+55%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Connect Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Tejas Ministries Inc ($3.8m), Perception Funding Inc ($3.8m) and Regenerate California Innovation ($3.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $303k (8.4% of expenses). Other salaries and wages came to $987k. At year end it held assets of $3.6m against liabilities of $1.4m, net assets of $2.2m. It reported 101 employees.