Must Ministries Inc

Analysis

Must Ministries Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Must Ministries Inc reported income of $24.5m and spending of $25.0m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $14.1m to $24.5m (+74%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Must Ministries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Citysquare ($24.5m), Community Harvest Food Bank of Northeast Indiana Inc ($24.5m) and Diabetes Prevention and Aid Fund Inc ($24.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $714k (2.9% of expenses). Other salaries and wages came to $5.5m. It paid $33k in professional fundraising fees. At year end it held assets of $35.7m against liabilities of $2.6m, net assets of $33.1m. It reported 140 employees.