Proverbs 31 Ministry Inc

Analysis

Proverbs 31 Ministry Inc is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in May 1997, 29 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, Proverbs 31 Ministry Inc reported income of $8.2m and spending of $7.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $8.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Proverbs 31 Ministry Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Modern Day Missions ($8.2m), Campus Outreach Serve Inc ($8.3m) and Churches United for the Homeless ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $518k (6.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $13.6m against liabilities of $3.7m, net assets of $9.9m. It reported 74 employees.