Gary Oates Ministries Inc

Analysis

Gary Oates Ministries Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in January 2006, 20 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, Gary Oates Ministries Inc reported income of $75k and spending of $81k, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $157k to $75k (-52%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gary Oates Ministries Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include United Ministries in Higher Education Terre Haute Area ($75k), Unitarian Universalist Church of Jacksonville Foundation Inc ($75k) and Valleydale Christian Church and Academy ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $5,745 against liabilities of $174, net assets of $5,571.