Advent House Ministries Inc

Analysis

Advent House Ministries Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in May 1988, 38 years ago. 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, Advent House Ministries Inc reported income of $3.5m and spending of $3.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $963k to $3.5m (+262%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 742%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advent House Ministries Inc 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 MI. Charities of a similar size with the same main cause include Fox Valley Older Adult Services ($3.5m), Society of St Vincent de Paul of the Joliet Diocesan Council Inc ($3.5m) and Harmony Protection Group ($3.5m).

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 $121k (3.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $705k against liabilities of $489k, net assets of $216k. It reported 44 employees.