United Methodist Nomads

Analysis

United Methodist Nomads is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in September 2007, 19 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, United Methodist Nomads reported income of $301k and spending of $271k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $301k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Methodist Nomads 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 62nd percentile, and in the 63rd percentile within AR. Charities of a similar size with the same main cause include Mission24 Inc ($301k), Germantown Home Section 811 Corporation ($301k) and Buckingham Terrace Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $593k against liabilities of -$342, net assets of $593k.