International Assistance Ministries Inc

Analysis

International Assistance Ministries Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, International Assistance Ministries Inc reported income of $105k and spending of $128k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $298k to $105k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 121% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, International Assistance Ministries Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Orchids of Light Foundation Inc ($105k), Swaziserve Inc ($105k) and Flying Samaritans ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (29% of expenses). At year end it held assets of $65k against liabilities of $0, net assets of $65k.