Olford Ministries International Inc

Analysis

Olford Ministries International Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in January 1978, 48 years ago. 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, Olford Ministries International Inc reported income of $215k and spending of $131k, leaving 39% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $175k to $215k (+23%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Olford Ministries International Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Gaston Arts Council ($215k), Adventist Homes Inc ($215k) and Merrimack Valley Immigrant and Education Center Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $39k (30% of expenses). At year end it held assets of $241k against liabilities of $3,083, net assets of $238k. It reported 2 employees.