Paraclete Ministries

Analysis

Paraclete Ministries is a registered charity in United States, based in Midland City, AL. It received its IRS tax-exemption ruling in October 2000, 26 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, Paraclete Ministries reported income of $82k and spending of $85k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $82k (+6.6%), an average of +6.6% a year. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Paraclete Ministries sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within AL. Charities of a similar size with the same main cause include Jesus Daily Inc ($82k), World Harvest for Christ Ministries Inc ($82k) and Grandly Missions Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $2,349, net assets of $96k.