Out Island Ministries Inc

Analysis

Out Island Ministries Inc is a registered charity in United States, based in Lula, GA. It received its IRS tax-exemption ruling in June 2020, 6 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, Out Island Ministries Inc reported income of $222k and spending of $235k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $145k to $222k (+54%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Out Island Ministries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Islamic Society of South Shore ($222k), Friends of the Jerusalem Institute for Strategy & Security Inc ($222k) and Kingdom Focus Coaching ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (44% of expenses). At year end it held assets of $111k against liabilities of $0, net assets of $111k.