Elwood Ministerial Association

Analysis

Elwood Ministerial Association is a registered charity in United States, based in Elwood, IN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Elwood Ministerial Association reported income of $121k and spending of $86k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $121k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elwood Ministerial Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Kingman Cancer Care ($121k), Lunch WTH Lynch Foundation ($122k) and Shore to Help Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $146k against liabilities of $3,324, net assets of $142k.