International Chapel Ministries

Analysis

International Chapel Ministries is a registered charity in United States, based in Japan. It received its IRS tax-exemption ruling in March 1986, 40 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, International Chapel Ministries reported income of $130k and spending of $166k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $130k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Chapel Ministries sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile. Charities of a similar size with the same main cause include Greater Grand Forks Senior Citizens Foundation ($130k), Youth Service Opportunities Project Inc ($130k) and Clarence S Livingood Lectureship and Education Fund ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $45k (27% of expenses). Other salaries and wages came to $24k. At year end it held assets of $159k against liabilities of $0, net assets of $159k. It reported 3 employees.

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.