Eikon Ministries Inc

Analysis

Eikon Ministries Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Eikon Ministries Inc reported income of $563k and spending of $623k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $563k (+52%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eikon Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Aspire Community Housing and Economic Develepment Organization ($563k), Arbor Lakes Senior Housing ($563k) and YWCA Third Street Inc ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $64k (10% of expenses). Other salaries and wages came to $169k. At year end it held assets of $442k against liabilities of $8,155, net assets of $434k. It reported 8 employees.