Maritime Ministries Inc

Analysis

Maritime Ministries Inc is a registered charity in United States, based in Elizabeth City, NC. It received its IRS tax-exemption ruling in July 1992, 34 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, Maritime Ministries Inc reported income of $96k and spending of $113k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $133k to $96k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 145% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maritime Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Beth El Endowment Foundation ($96k), Life Under the Son Ministries Inc ($96k) and Kelley Heritage Ministries ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $111k against liabilities of $18k, net assets of $93k.