Caterpillar Ministries

Analysis

Caterpillar Ministries is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Caterpillar Ministries reported income of $557k and spending of $519k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $557k (+78%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caterpillar Ministries sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Hub City Roots ($557k), City of Deliverance Life Center ($557k) and L & J Nursery Inc ($557k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $51k (9.9% of expenses). Other salaries and wages came to $178k. At year end it held assets of $342k against liabilities of $0, net assets of $342k. It reported 16 employees.