Degage Ministries

Analysis

Degage Ministries is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Degage Ministries reported income of $4.1m and spending of $4.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.1m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Degage Ministries 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 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include New Beginnings Inc ($4.1m), Safe Exit Initiative Sei Inc ($4.1m) and Aim-High Child Care Center Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $116k (2.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $14.2m against liabilities of $5.0m, net assets of $9.2m. It reported 94 employees.