Connection Ministries Inc

Analysis

Connection Ministries Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2016, 10 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, Connection Ministries Inc reported income of $223k and spending of $133k, leaving 40% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $143k to $223k (+56%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 54%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Connection Ministries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Iglesia Cristiana LA Familia Inc ($223k), Cleveland Clergy Alliance ($223k) and Firm Foundation Ministries Inc ($223k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (32% of expenses). Other salaries and wages came to $48k. At year end it held assets of $163k against liabilities of $0, net assets of $163k. It reported 2 employees.