Conservative Mennonite Financial

Analysis

Conservative Mennonite Financial is a registered charity in United States, based in Lebanon, PA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Conservative Mennonite Financial reported income of $2.0m and spending of $2.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.0m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Conservative Mennonite Financial sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Challenge Unlimited Inc ($2.0m), Friends of the Rochester Publicmarket Inc ($2.0m) and Overcoming Love Ministries Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $16k (0.7% of expenses). At year end it held assets of $54.2m against liabilities of $53.6m, net assets of $670k.