Center for Lay Ministries Inc

Analysis

Center for Lay Ministries Inc is a registered charity in United States, based in Jeffersonvlle, IN. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2024, Center for Lay Ministries Inc reported income of $1.8m and spending of $1.9m, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $415k to $1.8m (+325%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Lay Ministries Inc 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 85th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include South Asian Network Inc ($1.8m), Trumbull Loves Children T L C Inc ($1.8m) and Thai Community Development Center ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $70k (3.8% of expenses). Other salaries and wages came to $176k. At year end it held assets of $1.1m against liabilities of $2,509, net assets of $1.1m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.