Interest Ministries

Analysis

Interest Ministries is a registered charity in United States, based in S Barrington, IL. It received its IRS tax-exemption ruling in August 1955, 71 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 June 2023, Interest Ministries reported income of $1.4m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $546k to $1.4m (+159%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 173%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Interest Ministries sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Roxbury Holiness Camp Inc ($1.4m), Ecumenical Institute ($1.4m) and Equip and Empower Ministries Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $108k (7.4% of expenses). Other salaries and wages came to $95k. At year end it held assets of $2.5m against liabilities of $6,220, net assets of $2.5m. It reported 5 employees.