Abide Ministries Inc

Analysis

Abide Ministries Inc is a registered charity in United States, based in Clawson, MI. It received its IRS tax-exemption ruling in February 1997, 29 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 December 2023, Abide Ministries Inc reported income of $876k and spending of $957k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $513k to $876k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Abide Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Monte Sion Center ($876k), Warwick Conference Center Inc ($876k) and Sree Venkateswara Temple of Cleveland ($876k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $73k (7.6% of expenses). Other salaries and wages came to $97k. At year end it held assets of $259k against liabilities of $101k, net assets of $159k. It reported 5 employees.