Catch the Fire Ministries Inc

Analysis

Catch the Fire Ministries Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catch the Fire Ministries Inc reported income of $2.1m and spending of $2.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catch the Fire Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Cord Ministries International ($2.1m), Covenant Network ($2.1m) and Maranatha Bible Camp Inc ($2.1m).

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 $100k (4.9% of expenses). Other salaries and wages came to $833k. At year end it held assets of $4.1m against liabilities of $1.2m, net assets of $2.9m. It reported 24 employees.