Carol Kornacki Ministries Inc

Analysis

Carol Kornacki Ministries Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Carol Kornacki Ministries Inc reported income of $62k and spending of $44k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2019 to December 2022, income fell from $81k to $62k (-23%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carol Kornacki Ministries Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include The Richards-Dar House Museum ($62k), Roustabout Theater Inc ($62k) and Supporters of Bentonville Orchestras ($62k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $5,866, net assets of $58k.