Glen Arekion Ministries Inc

Analysis

Glen Arekion Ministries Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 2003, 23 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, Glen Arekion Ministries Inc reported income of $157k and spending of $168k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $157k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Glen Arekion 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 48th percentile, and in the 48th percentile within KY. Charities of a similar size with the same main cause include Chicago Dist Camp GR Assn ($157k), Blueprint Inc ($157k) and J Hughes Foundation ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $12k (7.1% of expenses). Other salaries and wages came to $12k. At year end it held assets of $451k against liabilities of $182k, net assets of $269k.