Care Ministries Inc

Analysis

Care Ministries Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in September 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, Care Ministries Inc reported income of $91k and spending of $81k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $91k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Care Ministries Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Turner Missions Inc ($91k), Christian Emergency League Inc ($91k) and Tri-State Christian Care Center ($91k).

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 $204k against liabilities of $2,398, net assets of $202k.