Counseling Ministries Inc

Analysis

Counseling Ministries Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Counseling Ministries Inc reported income of $191k and spending of $190k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $252k to $191k (-24%), an average of -6.7% a year. The sharpest change came in the year to August 2021, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Counseling Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include The Glenwood School Foundation ($191k), Helen M Little Trust ($191k) and Preservation Chapel Hill ($191k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $131k (69% of expenses). At year end it held assets of $153k against liabilities of $0, net assets of $153k.