Ministry Development Network

Analysis

Ministry Development Network is a registered charity in United States, based in Westchester, IL. It received its IRS tax-exemption ruling in June 1970, 56 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 2022, Ministry Development Network reported income of $451k and spending of $438k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $529k to $451k (-15%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ministry Development Network sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Vietnam Ministries and Seaof Inc ($451k), Lutherlyn Foundation ($451k) and Shefa Jewish Psychedelic Support ($451k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $87k (20% of expenses). Other salaries and wages came to $107k. At year end it held assets of $194k against liabilities of $4,016, net assets of $190k. It reported 4 employees.