Prodigal Ministries Inc

Analysis

Prodigal Ministries Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 1999, 27 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, Prodigal Ministries Inc reported income of $107k and spending of $108k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $107k (+6.1%), an average of +6.1% a year. 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, Prodigal Ministries Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OH. Charities of a similar size with the same main cause include Equip Life Ministries ($107k), Life Way World Mission Inc ($107k) and Vietnamese Buddhist Community of Tacoma and Vicinity ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.