Pastor-In-Residence Ministries Inc

Analysis

Pastor-In-Residence Ministries Inc is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pastor-In-Residence Ministries Inc reported income of $230k and spending of $250k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $230k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pastor-In-Residence Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Volunteers for Veterans Foundation ($230k), Nebraska City Community Thrift Shop Inc ($231k) and Eyeshine ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $44k (17% of expenses). Other salaries and wages came to $89k. At year end it held assets of $13k against liabilities of $11k, net assets of $2,832. It reported 8 employees.