Norfolk Ministerial Association

Analysis

Norfolk Ministerial Association is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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, Norfolk Ministerial Association reported income of $176k and spending of $97k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $176k (+1.5%), an average of +1.5% a year. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norfolk Ministerial Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NE. Charities of a similar size with the same main cause include Plainsboro Rescue Squad Inc ($176k), Point Township Fire Co ($176k) and Life Abundant Inc ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $387k against liabilities of $0, net assets of $387k.