Churches United in Ministry

Analysis

Churches United in Ministry is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 1974, 52 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Churches United in Ministry reported income of $4.7m and spending of $5.4m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.7m to $4.7m (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Churches United in Ministry sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Omaha Economic Development Corp ($4.7m), NC Child ($4.7m) and Girl Scouts - Diamonds of Arkansas Oklahoma and Texas ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $187k (3.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.3m against liabilities of $293k, net assets of $3.0m. It reported 120 employees.