Pact Ministries

Analysis

Pact Ministries is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in November 1995, 31 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, Pact Ministries reported income of $285k and spending of $300k, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $218k to $285k (+31%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pact Ministries sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Mobley Ranch Christian Camp Inc ($285k), Goodcities ($285k) and Childrens Bible Fellowship of N Y Incorporated ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $131k. At year end it held assets of $435k against liabilities of $4,141, net assets of $431k. It reported 13 employees.