Phelps County Ministerial Association

Analysis

Phelps County Ministerial Association is a registered charity in United States, based in Holdrege, NE. It received its IRS tax-exemption ruling in April 2022, 4 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, Phelps County Ministerial Association reported income of $61k and spending of $71k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $61k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Phelps County Ministerial Association sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within NE. Charities of a similar size with the same main cause include Riverstone Ministry Group ($61k), Foundation of the Holy Apostles Inc ($61k) and 1 Thessalonians 3-2 Inc ($61k).

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 $47k against liabilities of $0, net assets of $47k.