Multiplication Ministries

Analysis

Multiplication Ministries is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Multiplication Ministries reported income of $116k and spending of $150k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $116k (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Multiplication Ministries sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include KSB Tulsa Mission ($116k), Flame of Fire Ministry Incorporated ($116k) and Grace & Truth International Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $81k. At year end it held assets of $99k against liabilities of $16k, net assets of $83k. It reported 7 employees.