68 Ministries Inc

Analysis

68 Ministries Inc is a registered charity in United States, based in Saint Johns, FL. It received its IRS tax-exemption ruling in August 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, 68 Ministries Inc reported income of $1.1m and spending of $929k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $518k to $1.1m (+109%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 57%. 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, 68 Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Moving Mountains Incorporated ($1.1m), Community Homestead Incorporated ($1.1m) and Cultivating Community ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $72k (7.8% of expenses). Other salaries and wages came to $172k. At year end it held assets of $971k against liabilities of -$483, net assets of $971k. It reported 6 employees.