Point FM Ministries Inc

Analysis

Point FM Ministries Inc is a registered charity in United States, based in Stephens City, VA. It received its IRS tax-exemption ruling in August 2017, 9 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, Point FM Ministries Inc reported income of $75k and spending of $83k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $75k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Point FM Ministries Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Gleaning for Christ Missions Inc ($75k), Shepherds Fold Ministries Inc ($75k) and Choose Compassion ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $291k against liabilities of $93k, net assets of $199k.