Carol Elaine Ministries

Analysis

Carol Elaine Ministries is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in September 1985, 41 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, Carol Elaine Ministries reported income of $120k and spending of $138k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $120k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carol Elaine Ministries sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Foster City Little League Incorporated ($120k), Good Life Care Resource Center ($120k) and San Lorenzo Foundation ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $813, net assets of $44k.