724 Ministries NFP

Analysis

724 Ministries NFP is a registered charity in United States, based in Murphysboro, IL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, 724 Ministries NFP reported income of $95k and spending of $97k, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $74k to $95k (+29%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 724 Ministries NFP sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Threadbender Textiles ($95k), Casa Castillo Foundation ($95k) and Furniture Bank of Southeast Connecticut Inc ($95k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $9,704, net assets of $13k.