Ministry of Caring Inc

Analysis

Ministry of Caring Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in March 1946, 80 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, Ministry of Caring Inc reported income of $10.0m and spending of $10.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.4m to $10.0m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ministry of Caring Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within DE. Charities of a similar size with the same main cause include Clark County Public Education Foundation Inc ($10.0m), Lake County Crisis Center for the Prevtn & TRMT of Dom Violence Inc ($10.0m) and First Start Partnerships for Children and Families Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $261k (2.6% of expenses). Other salaries and wages came to $4.6m. It paid $35k in professional fundraising fees. At year end it held assets of $55.0m against liabilities of $2.8m, net assets of $52.2m. It reported 160 employees.