Rick Coram Ministries Inc

Analysis

Rick Coram Ministries Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in February 1991, 35 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, Rick Coram Ministries Inc reported income of $506k and spending of $472k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $506k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rick Coram Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Iglesia Cristiana Faro a Las Naciones ($505k), Abiding Fathers ($506k) and Ebenezer Presbyterian Church of Ghana ($505k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $127k (27% of expenses). Other salaries and wages came to $29k. At year end it held assets of $208k against liabilities of $35k, net assets of $172k. It reported 3 employees.