There Is More Ministries Inc

Analysis

There Is More Ministries Inc is a registered charity in United States, based in Balsam Grove, NC. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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 August 2023, There Is More Ministries Inc reported income of $359k and spending of $384k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $228k to $359k (+57%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, There Is More Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Washington County Arts Council Inc ($359k), Berlin Rural Fire Defense Volunteer Fire Department ($359k) and Community Playground of Columbia Inc ($358k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (12% of expenses). At year end it held assets of $880k against liabilities of $8,451, net assets of $872k. It reported 2 employees.