Precious Blood Ministry of Reconciliation NFP

Analysis

Precious Blood Ministry of Reconciliation NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 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 July 2024, Precious Blood Ministry of Reconciliation NFP reported income of $3.5m and spending of $3.8m, spending 109% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $2.1m to $3.5m (+64%), an average of +10% a year. The sharpest change came in the year to July 2021, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Precious Blood Ministry of Reconciliation NFP sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Institute for Local Government ($3.5m), Firm Foundation Columbus Village ($3.5m) and Pih Health Foundation ($3.5m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $24k (0.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.2m against liabilities of $177k, net assets of $2.0m. It reported 39 employees.