Much Ministries Inc

Analysis

Much Ministries Inc is a registered charity in United States, based in Waynesville, GA. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Much Ministries Inc reported income of $442k and spending of $615k, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $992k to $442k (-55%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Much Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within GA. Charities of a similar size with the same main cause include Gene Spotlight Inc ($442k), United Way of Marshall County Inc ($442k) and Itawamba County Development Council ($442k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $96k. At year end it held assets of $2.0m against liabilities of $646k, net assets of $1.3m. It reported 5 employees.