Out of Ashes Ministries Inc

Analysis

Out of Ashes Ministries Inc is a registered charity in United States, based in Deridder, LA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Out of Ashes Ministries Inc reported income of $136k and spending of $146k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $242k to $136k (-44%), an average of -18% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Out of Ashes Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within LA. Charities of a similar size with the same main cause include Restoratin House Empowerment Ministries International Inc ($136k), Slavic Baptist Mission Incorporated ($136k) and Debre Mitmak Dagmawi Tsadikane St Mary Eotc ($136k).

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 $70k (48% of expenses). At year end it held assets of $273k against liabilities of $141k, net assets of $132k.