Diversified Ministries

Analysis

Diversified Ministries is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in July 2004, 22 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, Diversified Ministries reported income of $97k and spending of $96k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $151k to $97k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Diversified Ministries sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Chosen Vessels of God Ministries ($97k), American Friends of Nimla Tal Inc ($97k) and Outdoors Network International Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $39k, net assets of -$25k.