Ashure Ministry Inc

Analysis

Ashure Ministry Inc is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ashure Ministry Inc reported income of $6.2m and spending of $5.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $910k to $6.2m (+582%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 387%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ashure Ministry Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include LA Cosecha Community Supported Agriculture ($6.2m), Beyond Meals Inc ($6.2m) and JCC of Mid-Westchester Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $137k (2.4% of expenses). Other salaries and wages came to $397k. At year end it held assets of $2.5m against liabilities of $20k, net assets of $2.5m. It reported 23 employees.