Strom Ministry Concepts Inc

Analysis

Strom Ministry Concepts Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Strom Ministry Concepts Inc reported income of $64k and spending of $36k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $64k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Strom Ministry Concepts Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 29th percentile within FL. Charities of a similar size with the same main cause include For His Glory ($64k), Grand Lake Community Ministry Inc ($64k) and Light of China Foundation ($64k).

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 $47k against liabilities of $18k, net assets of $30k.