The Ark Christian Ministries Inc

Analysis

The Ark Christian Ministries Inc is a registered charity in United States, based in Converse, IN. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Ark Christian Ministries Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Ark Christian Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Spiritual Center of Maria Stein ($1.2m), Association of Community Ministries Inc ($1.2m) and Interface Ministries Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $59k (4.9% of expenses). Other salaries and wages came to $459k. At year end it held assets of $3.3m against liabilities of $254k, net assets of $3.0m. It reported 49 employees.