Master Ministries Inc

Analysis

Master Ministries Inc is a registered charity in United States, based in Milford, OH. It received its IRS tax-exemption ruling in August 1991, 35 years ago. 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, Master Ministries Inc reported income of $386k and spending of $384k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $434k to $386k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Master Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Benicia First Corporation ($386k), American Association of the Order of Saint Lazarus Inc ($386k) and Pro Flat Track Ama Rookie Class of 79 and Friends Fund ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $63k (16% of expenses). Other salaries and wages came to $64k. At year end it held assets of $510k against liabilities of $45k, net assets of $465k. It reported 9 employees.