Dr Carol Ministries Inc

Analysis

Dr Carol Ministries Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2007, 19 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 2023, Dr Carol Ministries Inc reported income of $111k and spending of $110k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $111k (+9.9%), an average of +9.9% a year. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dr Carol Ministries Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Family of Faith Inc ($111k), Magnalia Foundation Inc ($111k) and Kollel Nachlas Dov Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 53% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.