Appanoose Ministries Inc

Analysis

Appanoose Ministries Inc is a registered charity in United States, based in Plano, IA. It received its IRS tax-exemption ruling in June 1974, 52 years ago. 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, Appanoose Ministries Inc reported income of $323k and spending of $381k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $323k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Appanoose Ministries Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within IA. Charities of a similar size with the same main cause include Mother & Child Education Center ($323k), Daviess County Multi-Purpose Senior Center Inc ($323k) and Sun Foundation for Advancement in the Enviromental Sciences and Art ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $44k (12% of expenses). Other salaries and wages came to $91k. At year end it held assets of $911k against liabilities of $153k, net assets of $758k. It reported 12 employees.