Paducah Ministries 1 Inc

Analysis

Paducah Ministries 1 Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Paducah Ministries 1 Inc reported income of $622k and spending of $598k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $551k to $622k (+13%), an average of +3.1% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paducah Ministries 1 Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Sojourners Place Inc ($622k), Peninsula Housing Development Inc XII ($622k) and Gateway Housing Group ($622k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. At year end it held assets of $3.3m against liabilities of $794k, net assets of $2.5m.