Ministering Circle of Wilmington N C

Analysis

Ministering Circle of Wilmington N C is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in October 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ministering Circle of Wilmington N C reported income of $115k and spending of $138k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $149k to $115k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ministering Circle of Wilmington N C sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include People Not Politicians ($115k), Public Safety Foundation of America Inc ($115k) and Road Runners Club of America ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.