Isnag Ministries Foundation

Analysis

Isnag Ministries Foundation is a registered charity in United States, based in Waxhaw, NC. It received its IRS tax-exemption ruling in September 2013, 13 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, Isnag Ministries Foundation reported income of $123k and spending of $235k, spending 191% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $238k to $123k (-48%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Isnag Ministries Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Entourage Ministries Inc ($123k), Apologetics Resource Center Inc ($123k) and Monastery of the Risen Christ ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (9.8% of expenses). At year end it held assets of $412k against liabilities of $0, net assets of $412k.