Garner Area Ministries Inc

Analysis

Garner Area Ministries Inc is a registered charity in United States, based in Garner, NC. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Garner Area Ministries Inc reported income of $243k and spending of $224k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $332k to $243k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Garner Area Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Caitlins Smiles Inc ($243k), Meals on Wheels of Somerset County Inc ($243k) and Housing Equality & Advocacy Resource Team ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $315k against liabilities of $251, net assets of $315k.