Nac Ministries Inc

Analysis

Nac Ministries Inc is a registered charity in United States, based in Marietta, GA. 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, Nac Ministries Inc reported income of $75k and spending of $155k, spending 207% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $266k to $75k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nac Ministries Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Ten Thousand Flowers Buddhist Association ($75k), A Word for the Times Inc ($75k) and Rose Banner Ministries Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.