Philemon Ministry Inc

Analysis

Philemon Ministry Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in January 2014, 12 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, Philemon Ministry Inc reported income of $106k and spending of $157k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $152k to $106k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Philemon Ministry Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Jewish Institute for Lifelong Learning and Innovation ($106k), Global Youth Interchange ($106k) and Glenview Education Foundation ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $24k against liabilities of $17k, net assets of $6,820.