Regeneration Ministries Inc

Analysis

Regeneration Ministries Inc is a registered charity in United States, based in Talking Rock, GA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Regeneration Ministries Inc reported income of $482k and spending of $556k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $482k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Regeneration Ministries Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Catholic Housing of Birmingham II Inc ($482k), Benjamin H Wilson Senior Center ($482k) and Arizona Retirement Home of Scottsdale II ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $97k (17% of expenses). At year end it held assets of $202k against liabilities of $216k, net assets of -$14k. It reported 2 employees.