Industrial & Commercial Ministries Inc

Analysis

Industrial & Commercial Ministries Inc is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in August 1972, 54 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, Industrial & Commercial Ministries Inc reported income of $104k and spending of $70k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $104k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Industrial & Commercial Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Morning Sun Community Ambulance Service ($104k), Little League Baseball Inc ($104k) and Little League Baseball Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.