Inter Parish Ministry

Analysis

Inter Parish Ministry is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 1975, 51 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inter Parish Ministry reported income of $5.0m and spending of $3.1m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $5.0m (+271%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inter Parish Ministry sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Virginia Aquarium & Marine Science Center Foundation Inc ($5.0m), Sarah Ward Nursery Corporation ($5.0m) and Virginia Foundation for Community College Education ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $135k (4.3% of expenses). Other salaries and wages came to $292k. At year end it held assets of $7.0m against liabilities of $53k, net assets of $7.0m. It reported 11 employees.