Kate McVeigh Ministries Inc

Analysis

Kate McVeigh Ministries Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in November 1983, 43 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, Kate McVeigh Ministries Inc reported income of $51k and spending of $79k, spending 154% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $293k to $51k (-83%), an average of -58% a year. The sharpest change came in the year to December 2022, when income dropped by 80%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kate McVeigh Ministries Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Nassau County Veterans Monument Fund Inc ($51k), Braden River Elementary Parent Teacher Organization Lpto ($51k) and American Inns of Court Foundation ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 47% of the total. At year end it held assets of $334k against liabilities of $0, net assets of $334k.