Mephibosheth Ministries Inc

Analysis

Mephibosheth Ministries Inc is a registered charity in United States, based in Cicero, IN. It received its IRS tax-exemption ruling in August 2001, 25 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, Mephibosheth Ministries Inc reported income of $958k and spending of $931k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $720k to $958k (+33%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mephibosheth Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Ministerio El Shaddai Inc ($958k), The Global Forefront ($959k) and Changed Lives Inc ($958k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $58k (6.2% of expenses). Other salaries and wages came to $741k. At year end it held assets of $485k against liabilities of $139k, net assets of $346k. It reported 42 employees.