Ministerio Redes Inc

Analysis

Ministerio Redes Inc is a registered charity in United States, based in Patchogue, NY. It received its IRS tax-exemption ruling in March 2013, 13 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, Ministerio Redes Inc reported income of $149k and spending of $165k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $149k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ministerio Redes Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Message of Life Ministries ($149k), Dean Caldwell Ministries Inc ($149k) and Love Inc of Greater Holmes County ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,872 against liabilities of $0, net assets of $3,872.