Fresh Ministries Inc

Analysis

Fresh Ministries Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Fresh Ministries Inc reported income of $3.8m and spending of $3.4m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $3.8m (+33%), an average of +7.3% a year. The sharpest change came in the year to September 2021, when income rose by 50%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fresh Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Capitalplus Exchange Corporation ($3.8m), Susquehanna Heritage Corporation ($3.8m) and American Indian Center of Arkansas Inc ($3.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $111k (3.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $11.9m against liabilities of $1.8m, net assets of $10.1m. It reported 30 employees.