Logos Ministries Inc

Analysis

Logos Ministries Inc is a registered charity in United States, based in Huntington, WV. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Logos Ministries Inc reported income of $2.3m and spending of $1.8m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $947k to $2.3m (+147%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Logos Ministries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Byerschool Foundation ($2.3m), Peruna Holdings Corporation ($2.3m) and West Memphis Christian School ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Other salaries and wages came to $906k. At year end it held assets of $3.1m against liabilities of $2.2m, net assets of $889k. It reported 42 employees.