Marc Lane Ministries Incorporated

Analysis

Marc Lane Ministries Incorporated is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in September 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, Marc Lane Ministries Incorporated reported income of $73k and spending of $20k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $73k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marc Lane Ministries Incorporated sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within TN. Charities of a similar size with the same main cause include Parent Booster USA Inc ($73k), Recovet ($73k) and Safety Net ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $1,169 (5.9% of expenses). At year end it held assets of $781k against liabilities of $0, net assets of $781k.