The Factory Ministries

Analysis

The Factory Ministries is a registered charity in United States, based in Paradise, PA. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, The Factory Ministries reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.7m (+46%), an average of +10% a year. The sharpest change came in the year to August 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Factory Ministries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Healthy Capital District Initiative ($1.7m), Greater San Diego Boys & Girls Clubs Foundation ($1.7m) and Wendell P Clark Memorial Young Mens Christian Association Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 71% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $125k (7.2% of expenses). Other salaries and wages came to $577k. At year end it held assets of $2.8m against liabilities of $360k, net assets of $2.5m. It reported 22 employees.