Maranatha Ministries Unlimited

Analysis

Maranatha Ministries Unlimited is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in March 1984, 42 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, Maranatha Ministries Unlimited reported income of $56k and spending of $58k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $341k to $56k (-84%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maranatha Ministries Unlimited sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Gomadis International ($56k), The Centre for Prophetic Activism Inc ($56k) and Sons and Daughters Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k. It reported 2 employees.