Mike & Mona Ministries

Analysis

Mike & Mona Ministries is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in April 1994, 32 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, Mike & Mona Ministries reported income of $256k and spending of $278k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $256k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mike & Mona Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Catholic Information Center Ofsouthwest Michigan Incorporated ($256k), Knanaya Catholic Congress of Central Florida Inc ($256k) and Global Hindu Heritage Foundation ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $6,000 (2.2% of expenses). At year end it held assets of -$20k against liabilities of $0, net assets of -$20k.