Mike Speck Ministries

Analysis

Mike Speck Ministries is a registered charity in United States, based in Sevierville, TN. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2023, Mike Speck Ministries reported income of $124k and spending of $124k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $124k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mike Speck Ministries sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Inner City Mission Texas ($124k), New Braunfels Islamic Center Inc ($124k) and Obra Misionera de LA Restitucion Inc of NJ ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 1 employees.