Spirit Ministries Incorporated

Analysis

Spirit Ministries Incorporated is a registered charity in United States, based in Madisonville, TN. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2023, Spirit Ministries Incorporated reported income of $73k and spending of $54k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $73k (+7.3%), an average of +7.3% a year. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Spirit Ministries Incorporated sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within TN. Charities of a similar size with the same main cause include Multiply Equip Impact Inc ($73k), House of Prayer Ministries International ($73k) and Sadhu Vaswani Satsang Center Miami Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.