Ici Ministries Inc

Analysis

Ici Ministries Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Ici Ministries Inc reported income of $495k and spending of $248k, leaving 50% of income unspent that year. Across the 4 years on record, from September 2021 to December 2023, income grew from $122k to $495k (+305%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 563%. Over the whole period it spent 56% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Ici Ministries 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 70th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include American Friends of Thorat Chajm Inc ($495k), SMVS Charities ($496k) and Fair Havens Ministries ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $52k (21% of expenses). Other salaries and wages came to $34k. At year end it held assets of $439k against liabilities of $2,308, net assets of $437k. It reported 3 employees.