Energize Ministries Inc

Analysis

Energize Ministries Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in February 2010, 16 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, Energize Ministries Inc reported income of $495k and spending of $334k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $495k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Energize Ministries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Friends of Historic Second Church ($495k), Liberty and Health Alliance ($496k) and NXT Move Inc ($495k).

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 $62k (19% of expenses). Other salaries and wages came to $64k. At year end it held assets of $1.6m against liabilities of $800k, net assets of $797k. It reported 3 employees.