Eastern Area Community Ministries Inc

Analysis

Eastern Area Community Ministries Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1977, 49 years ago. 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, Eastern Area Community Ministries Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $853k to $1.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Area Community Ministries Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include Northcentral Technical College Foundation Inc ($1.1m), Anacortes Schools Foundation ($1.1m) and Art Community Center of Corpus Christi Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 25% of the total. Other salaries and wages came to $276k. At year end it held assets of $784k against liabilities of $30k, net assets of $754k. It reported 9 employees.