Drop Inn Ministries of Iowa

Analysis

Drop Inn Ministries of Iowa is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 April 2023, Drop Inn Ministries of Iowa reported income of $178k and spending of $161k, spending 90% of its income. Across the 2 years on record, from April 2020 to April 2023, income fell from $271k to $178k (-34%), an average of -34% a year. The sharpest change came in the year to April 2023, when income dropped by 34%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Drop Inn Ministries of Iowa sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within IA. Charities of a similar size with the same main cause include Central Valley Prayer Gathering ($178k), Moriael and Jedidiah Charities Inc ($178k) and Roberta B Senn Foundation Under Roberta B Senn Rvoc TR 07162015 ($178k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $56k. At year end it held assets of $51k against liabilities of $838, net assets of $50k. It reported 4 employees.