G E M Ministries Inc

Analysis

G E M Ministries Inc is a registered charity in United States, based in Boonville, IN. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, G E M Ministries Inc reported income of $128k and spending of $126k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2024, income grew from $117k to $128k (+9.2%), an average of +9.2% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, G E M Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within IN. Charities of a similar size with the same main cause include Society of St Vincent Depaul St Michael the Archangel Conference ($128k), Just in Power Kids Inc ($128k) and Build African Schools Inc ($128k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.