Apostolic Fellowship Ministries

Analysis

Apostolic Fellowship Ministries is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Apostolic Fellowship Ministries reported income of $248k and spending of $160k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $215k to $248k (+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 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Apostolic Fellowship Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include The Kings Men ($248k), First Baptist Foundation of ($248k) and Oikos USA ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (41% of expenses). At year end it held assets of $445k against liabilities of $59k, net assets of $386k.