Paraclete Mission Group Inc

Analysis

Paraclete Mission Group Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Paraclete Mission Group Inc reported income of $4.5m and spending of $4.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.5m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Paraclete Mission Group Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Fayetteville Urban Ministry Inc ($4.5m), Jewish Columbus ($4.5m) and Black Rock Retreat ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $95k (2.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.5m against liabilities of $39k, net assets of $2.4m. It reported 76 employees.