Icthus Ministries Inc

Analysis

Icthus Ministries Inc is a registered charity in United States, based in Bryson City, NC. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Icthus Ministries Inc reported income of $98k and spending of $95k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $98k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Icthus Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Mikvah of Hollis Hills Inc ($98k), Just Jesus Inc ($98k) and Abiding Solutions International Ministries Incorporated ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $25k (26% of expenses). At year end it held assets of $715k against liabilities of $4,104, net assets of $711k.