Nazareth Educational Ministries Association Inc

Analysis

Nazareth Educational Ministries Association Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in December 2006, 20 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, Nazareth Educational Ministries Association Inc reported income of $483k and spending of $679k, spending 140% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $829k to $483k (-42%), an average of -10% a year. The sharpest change came in the year to June 2023, when income rose by 142%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nazareth Educational Ministries Association Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Lost Causes ($483k), Palpung Foundation ($483k) and El Refugio Ministry Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $2,005. At year end it held assets of $680k against liabilities of $3,892, net assets of $676k. It reported 3 employees.