Iron Bell Ministries Inc

Analysis

Iron Bell Ministries Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iron Bell Ministries Inc reported income of $239k and spending of $262k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $419k to $239k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iron Bell Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Society of Active Retirees ($239k), Erins Hope for Friends Inc ($239k) and Project Help of East Tennessee Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $70k (27% of expenses). Other salaries and wages came to $19k. At year end it held assets of $171k against liabilities of $6,098, net assets of $164k. It reported 2 employees.