Jericho Road Ministries

Analysis

Jericho Road Ministries is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 2003, 23 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 June 2023, Jericho Road Ministries reported income of $36.5m and spending of $34.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $36.5m (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jericho Road Ministries sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Forafrika ($35.2m), Radio Training Network Inc ($36.9m) and Martha Obryan Center Inc ($34.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.5m (4.2% of expenses). Other salaries and wages came to $17.8m. At year end it held assets of $28.6m against liabilities of $8.9m, net assets of $19.6m. It reported 523 employees.