Advancing Church Ministries

Analysis

Advancing Church Ministries is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in February 1992, 34 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, Advancing Church Ministries reported income of $180k and spending of $167k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $180k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Advancing Church Ministries sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IA. Charities of a similar size with the same main cause include Mt Gretna Tabernacle Association ($180k), Consortium for International Studies Inc ($180k) and Heath Williams Ministries Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $53k (32% of expenses). Other salaries and wages came to $2,009. At year end it held assets of $249k against liabilities of $6,026, net assets of $243k. It reported 3 employees.