Royal Oak Ministries Inc

Analysis

Royal Oak Ministries Inc is a registered charity in United States, based in Titusville, FL. It received its IRS tax-exemption ruling in March 2017, 9 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, Royal Oak Ministries Inc reported income of $374k and spending of $39k, leaving 89% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $936k to $374k (-60%), an average of -37% a year. The sharpest change came in the year to December 2023, when income rose by 108%. 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, Royal Oak Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Crosstalk Global ($374k), Walking Faith Ministry Inc ($374k) and Prayers of the People ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $486k against liabilities of $0, net assets of $486k.