316 Ministries

Analysis

316 Ministries is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, 316 Ministries reported income of $236k and spending of $119k, leaving 50% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $199k to $236k (+18%), an average of +4.3% a year. The sharpest change came in the year to March 2023, when income rose by 115%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 316 Ministries sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Friends of the Ocean City Pops Inc ($236k), Cabots Museum Foundation ($236k) and Compass Arts Creativity Project Inc ($236k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $446k against liabilities of $1,000, net assets of $445k.