Platte Area Ministerial Association Inc

Analysis

Platte Area Ministerial Association Inc is a registered charity in United States, based in Platte, SD. It received its IRS tax-exemption ruling in September 2014, 12 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 2019, Platte Area Ministerial Association Inc reported income of $241k and spending of $173k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2018 to December 2019, income grew from $72k to $241k (+235%), an average of +235% a year. The sharpest change came in the year to December 2019, when income rose by 235%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Platte Area Ministerial Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within SD. Charities of a similar size with the same main cause include US Friends of Yeshiva Baba Sali Inc ($241k), Christian Tech Group LLC ($241k) and Franciscan Earth Literacy Center ($241k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $41k (24% of expenses). Other salaries and wages came to $13k. At year end it held assets of $588k against liabilities of $225k, net assets of $363k. It reported 8 employees.