Eagles Nest Ministries

Analysis

Eagles Nest Ministries is a registered charity in United States, based in Butler, IL. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Eagles Nest Ministries reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $801k to $1.2m (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eagles Nest Ministries sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Wedgwood Circle ($1.2m), Korean American Foundation ($1.2m) and Dickinson Area Communtiy Foundation ($1.2m).

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 $108k (8.9% of expenses). Other salaries and wages came to $169k. At year end it held assets of $556k against liabilities of $37k, net assets of $519k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.