Russian Encouragement Ministries

Analysis

Russian Encouragement Ministries is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, 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 December 2023, Russian Encouragement Ministries reported income of $118k and spending of $121k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $102k to $118k (+16%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Russian Encouragement Ministries sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within AK. Charities of a similar size with the same main cause include Jeffersons Foundation ($118k), Seventy Times Seven ($118k) and Foster a Life ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.

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.