Onesimus Ministries of Norfolk Inc

Analysis

Onesimus Ministries of Norfolk Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in December 1986, 40 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, Onesimus Ministries of Norfolk Inc reported income of $151k and spending of $153k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $164k to $151k (-8.0%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Onesimus Ministries of Norfolk Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Honorair - Knoxville Inc ($151k), Friends of Will Inc ($151k) and Dominion Foundation for Christian Science Nursing Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $139k against liabilities of $11k, net assets of $128k.