Chris Musgrove Ministries Inc

Analysis

Chris Musgrove Ministries Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in May 2003, 23 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, Chris Musgrove Ministries Inc reported income of $340k and spending of $388k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $380k to $340k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chris Musgrove Ministries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within GA. Charities of a similar size with the same main cause include Beautiful Feet Ministries ($340k), Brown Family Ministries Inc ($340k) and New York State Chaplain Task Force Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (11% of expenses). Other salaries and wages came to $50k. At year end it held assets of $660k against liabilities of $1,128, net assets of $659k. It reported 4 employees.