North Central Ministry Development Center Inc

Analysis

North Central Ministry Development Center Inc is a registered charity in United States, based in New Brighton, MN. It received its IRS tax-exemption ruling in March 1970, 56 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Central Ministry Development Center Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $810k to $1.6m (+96%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Central Ministry Development Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Catholic Youth Organization Camp ($1.6m), Allen County Council on Aging ($1.6m) and Cross County Transportation Management Association Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $311k (20% of expenses). Other salaries and wages came to $569k. At year end it held assets of $767k against liabilities of $250k, net assets of $518k. It reported 15 employees.