Crown Financial Ministries Inc

Analysis

Crown Financial Ministries Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 1976, 50 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 March 2024, Crown Financial Ministries Inc reported income of $5.8m and spending of $5.7m, spending 98% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $4.4m to $5.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to March 2021, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Crown Financial Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within TN. Charities of a similar size with the same main cause include House to House Inc ($5.8m), CPPS Heritage Mission Fund ($5.9m) and Yeshiva Gedolah of Elkins Park ($5.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 76% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $1.1m (19% of expenses). Other salaries and wages came to $1.2m. It paid $28k in professional fundraising fees. At year end it held assets of $7.8m against liabilities of $2.1m, net assets of $5.8m. It reported 25 employees.