Ghent Area Ministry

Analysis

Ghent Area Ministry is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Ghent Area Ministry reported income of $75k and spending of $69k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $75k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ghent Area Ministry sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Gda Housing Foundation ($75k), Loretta Village II Inc ($75k) and Bay Hundred Community Volunteers Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.