Larry McFadden Ministries Inc

Analysis

Larry McFadden Ministries Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in March 1989, 37 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, Larry McFadden Ministries Inc reported income of $413k and spending of $384k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $413k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Larry McFadden Ministries Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Frisco Student Fastpacs ($413k), Habitat for Humanity International Inc ($413k) and Providence Union Park Housing Development Fund Company Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $84k (22% of expenses). Other salaries and wages came to $5,600. At year end it held assets of $318k against liabilities of $5,344, net assets of $313k.