Makarios Ministries Inc

Analysis

Makarios Ministries Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Makarios Ministries Inc reported income of $394k and spending of $172k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $347k to $394k (+13%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 67% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Makarios Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Holy Family Radio ($393k), Mountain of Fire and Miracles Ministries Revival Center Inc ($394k) and Richard Pearson Ministries Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $49k (29% of expenses). Other salaries and wages came to $35k. At year end it held assets of $241k against liabilities of $0, net assets of $241k. It reported 2 employees.