Xpansion Ministries Inc

Analysis

Xpansion Ministries Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2000, 26 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, Xpansion Ministries Inc reported income of $70k and spending of $61k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $95k to $70k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Xpansion Ministries Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include American Friends of Dafyomi Advancement Forum Inc ($70k), Ivieva Foundation ($70k) and Digital Manna ($70k).

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 $26k (42% of expenses). Other salaries and wages came to $24k. At year end it held assets of $54k against liabilities of $0, net assets of $54k. It reported 5 employees.