Alive Ministries Inc

Analysis

Alive Ministries Inc is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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, Alive Ministries Inc reported income of $342k and spending of $442k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $342k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alive Ministries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Nassau Music Educators Association ($342k), Birds of Prey Foundation ($342k) and Partnership for Seniors Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $63k (14% of expenses). Other salaries and wages came to $117k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.