Yokefellow Ministry of Greater Statesville

Analysis

Yokefellow Ministry of Greater Statesville is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in May 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yokefellow Ministry of Greater Statesville reported income of $357k and spending of $348k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $312k to $357k (+14%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yokefellow Ministry of Greater Statesville sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Free Life Ministries Inc ($357k), Center for Counseling and Education ($357k) and Concert Ministries ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $168k. At year end it held assets of $146k against liabilities of $9,566, net assets of $136k. It reported 15 employees.