Roanoke Area Ministries

Analysis

Roanoke Area Ministries is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in August 1976, 50 years ago. 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, Roanoke Area Ministries reported income of $850k and spending of $832k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $637k to $850k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roanoke Area Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Camp Fire ($850k), University Camps ($851k) and Catonsville Recreation and Parks Council ($850k).

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 $60k (7.2% of expenses). Other salaries and wages came to $262k. At year end it held assets of $746k against liabilities of -$2,869, net assets of $749k.