Macedonian Ministry Foundation Inc

Analysis

Macedonian Ministry Foundation Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Macedonian Ministry Foundation Inc reported income of $7.3m and spending of $3.0m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $7.3m (+121%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 156%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Macedonian Ministry Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Magen Abraham Yeshiva Inc ($7.3m), Zionist Organization of America ($7.4m) and Roman Catholic Communications Corporation of the Bay Area ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $849k (28% of expenses). Other salaries and wages came to $289k. At year end it held assets of $12.1m against liabilities of $2.7m, net assets of $9.4m. It reported 5 employees.