Good Shepherd Ministries of Wilmington Inc

Analysis

Good Shepherd Ministries of Wilmington Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Good Shepherd Ministries of Wilmington Inc reported income of $6.1m and spending of $6.9m, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.0m to $6.1m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Good Shepherd Ministries of Wilmington 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 Habitat for Humanity International Inc ($6.1m), The Pelhman Corporation ($6.1m) and Reedsburg Area Senior Life Center Inc ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $157k (2.3% of expenses). At year end it held assets of $5.6m against liabilities of $953k, net assets of $4.6m. It reported 40 employees.