Multiply Equip Impact Inc

Analysis

Multiply Equip Impact Inc is a registered charity in United States, based in Waycross, GA. It received its IRS tax-exemption ruling in December 1960, 66 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, Multiply Equip Impact Inc reported income of $73k and spending of $86k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $73k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Multiply Equip Impact Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Sadhu Vaswani Satsang Center Miami Inc ($73k), Spirit Ministries Incorporated ($73k) and Lodebar Church & Minitries ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $294k against liabilities of $0, net assets of $294k.