Mark Inc Ministries

Analysis

Mark Inc Ministries is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in July 1996, 30 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 December 2023, Mark Inc Ministries reported income of $1.2m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $1.2m (+328%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mark Inc Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within DE. Charities of a similar size with the same main cause include A Beck Foundation for Hope Inc ($1.2m), Downline Little Rock ($1.2m) and Ambassadors for Christ International-Usa Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $92k (8.3% of expenses). Other salaries and wages came to $133k. It paid $4,586 in professional fundraising fees. At year end it held assets of $541k against liabilities of $35k, net assets of $506k. It reported 5 employees.