Cleghorn Music Ministries Inc

Analysis

Cleghorn Music Ministries Inc is a registered charity in United States, based in Bonaire, GA. It received its IRS tax-exemption ruling in April 2009, 17 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, Cleghorn Music Ministries Inc reported income of $312k and spending of $298k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $311k to $312k (+0.5%), an average of +0.5% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cleghorn Music Ministries Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include West Chicago Sharks Inc ($312k), Little League Baseball Inc ($312k) and Sanatoga Fire Co of Sanatoga Pa ($312k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $65k (22% of expenses). At year end it held assets of $196k against liabilities of $0, net assets of $196k. It reported 1 employees.