Present Age Ministries Inc

Analysis

Present Age Ministries Inc is a registered charity in United States, based in Harrisburg, NC. It received its IRS tax-exemption ruling in September 2011, 15 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, Present Age Ministries Inc reported income of $745k and spending of $756k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $556k to $745k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 70%. 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, Present Age Ministries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include J-Life Africa USA ($744k), Leonine Forum Inc ($745k) and Street Life Ministries ($744k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (13% of expenses). Other salaries and wages came to $290k. At year end it held assets of $394k against liabilities of $145k, net assets of $248k. It reported 14 employees.