The Ministry Lab

Analysis

The Ministry Lab is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Ministry Lab reported income of $70k and spending of $72k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $70k (-5.1%), an average of -5.1% a year. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Ministry Lab sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include Greater Boston Eruv Corporation ($70k), Vimutti Rasa Vipassana Association ($70k) and Its All About the Cross Ministries Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 3.9% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.