R1 Ministries Inc

Analysis

R1 Ministries Inc is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, R1 Ministries Inc reported income of $269k and spending of $299k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $269k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, R1 Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Don Sunshine Ministries ($269k), Light of Love Ministry ($269k) and The Endowment Trust of the 1st Con- Gregational Church of Appleton Wi ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $139k (46% of expenses). At year end it held assets of $170k against liabilities of $29k, net assets of $142k. It reported 2 employees.