Rock of Ages Ministries Inc

Analysis

Rock of Ages Ministries Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in February 1979, 47 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 December 2023, Rock of Ages Ministries Inc reported income of $7.1m and spending of $7.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $7.1m (+17%), an average of +3.9% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rock of Ages Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Boys & Girls Clubs of Southeastern ($7.1m), New Covenant Academy ($7.1m) and National Christian Charitable Foundation Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $128k (1.8% of expenses). Other salaries and wages came to $112k. At year end it held assets of $3.6m against liabilities of $199k, net assets of $3.4m. It reported 7 employees.