Paraklete Ministries Inc

Analysis

Paraklete Ministries Inc is a registered charity in United States, based in Hagerstown, IN. It received its IRS tax-exemption ruling in December 2008, 18 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, Paraklete Ministries Inc reported income of $159k and spending of $167k, spending 105% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $171k to $159k (-7.1%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Paraklete Ministries Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include Acts of Himalaya Inc ($159k), Grace Evangelical Lutheran Church Foundation of Fort Dodge Iowa ($159k) and Al-Madinah Masjid of North Atlanta Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $594k against liabilities of $41k, net assets of $554k.