Precious Gift Ministries

Analysis

Precious Gift Ministries is a registered charity in United States, based in Brookville, OH. It received its IRS tax-exemption ruling in February 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 (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, Precious Gift Ministries reported income of $300k and spending of $320k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $842k to $300k (-64%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Precious Gift Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Chin Bethel Church of Houston ($300k), European Center for Jewish Societies ($300k) and Earth & Soul ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $137k (43% of expenses). At year end it held assets of $38k against liabilities of $1,087, net assets of $37k. It reported 1 employees.