Family Education Resource Ministries

Analysis

Family Education Resource Ministries is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Family Education Resource Ministries reported income of $1.3m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-9.5%), an average of -2.5% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Education Resource Ministries sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Montgomery Christian School ($1.3m), The Walsh College Foundation ($1.3m) and Chautauqua Charter School Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $117k (8.9% of expenses). Other salaries and wages came to $622k. At year end it held assets of $2.7m against liabilities of $1.4m, net assets of $1.2m. It reported 47 employees.