Elam Ministries Inc

Analysis

Elam Ministries Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Elam Ministries Inc reported income of $12.1m and spending of $11.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $12.1m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Elam Ministries Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Precept Ministries of Reach Out Inc ($11.9m), Phil Waldrep Evangelistic Association ($12.1m) and El Sembrador Ministries ($11.9m).

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 $168k (1.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.2m against liabilities of $70k, net assets of $3.2m. It reported 45 employees.