Foundation Ministries Incorporated

Analysis

Foundation Ministries Incorporated is a registered charity in United States, based in Howard, OH. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Foundation Ministries Incorporated reported income of $89k and spending of $64k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $90k to $89k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Foundation Ministries Incorporated sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Aidak ($89k), Outreach Africa Inc ($89k) and Newhope2008 ($89k).

Compensation of current officers, directors and key employees was $2,400 (3.8% of expenses). Other salaries and wages came to $1,280. At year end it held assets of $0 against liabilities of $0, net assets of $0.