Chosen 300 Ministries Inc

Analysis

Chosen 300 Ministries Inc is a registered charity in United States, based in Ardmore, PA. It received its IRS tax-exemption ruling in April 1998, 28 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, Chosen 300 Ministries Inc reported income of $670k and spending of $670k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $501k to $670k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chosen 300 Ministries Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include El Tabernaculo Del Testimonio Inc ($670k), Leaders Collective ($670k) and Southgate Foundation Inc ($670k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $85k (13% of expenses). Other salaries and wages came to $129k. At year end it held assets of $1.4m against liabilities of $10k, net assets of $1.4m. It reported 10 employees.