Carriage Town Ministries

Analysis

Carriage Town Ministries is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in October 1967, 59 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Carriage Town Ministries reported income of $3.5m and spending of $3.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.5m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carriage Town Ministries sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Sitar Arts Center ($3.5m), Florida Oceanographic Society Inc ($3.5m) and Riverbank Youth Theatre ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $123k (3.4% of expenses). Other salaries and wages came to $1.3m. It paid $242k in professional fundraising fees. At year end it held assets of $9.7m against liabilities of $192k, net assets of $9.5m. It reported 105 employees.