Laban Ministries International Inc

Analysis

Laban Ministries International Inc is a registered charity in United States, based in Mt Pleasant, TN. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 May 2023, Laban Ministries International Inc reported income of $358k and spending of $346k, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $313k to $358k (+14%), an average of +3.4% a year. The sharpest change came in the year to May 2023, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Laban Ministries International Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within TN. Charities of a similar size with the same main cause include Full Gospel Businessmens Fellowship International ($358k), Called to Obedience Ministries Inc ($358k) and Christians for Messiah Ministries ($358k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (21% of expenses). At year end it held assets of $52k against liabilities of $1,932, net assets of $50k. It reported 2 employees.