Core Ministries Inc

Analysis

Core Ministries Inc is a registered charity in United States, based in Kyle, TX. It received its IRS tax-exemption ruling in March 2018, 8 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 August 2023, Core Ministries Inc reported income of $189k and spending of $212k, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $233k to $189k (-19%), an average of -5.1% a year. The sharpest change came in the year to August 2021, when income rose by 199%. 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, Core Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Straight From the Heart ($189k), Harvest Rock Foundation ($189k) and De Soto Youth Ministries Inc ($189k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $11k against liabilities of $1,913, net assets of $8,592.