Reaching Avery Ministry

Analysis

Reaching Avery Ministry is a registered charity in United States, based in Newland, NC. It received its IRS tax-exemption ruling in May 1997, 29 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, Reaching Avery Ministry reported income of $628k and spending of $444k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $628k (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reaching Avery Ministry sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Daily Bread Soup Kitchen Inc ($628k), Rogers County Elder Day Care Center Inc ($628k) and Budgit Foundation ($628k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $46k (10% of expenses). Other salaries and wages came to $164k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 10 employees.