Memorial Drive Ministries Inc

Analysis

Memorial Drive Ministries Inc is a registered charity in United States, based in Stone MTN, GA. It received its IRS tax-exemption ruling in November 2018, 8 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, Memorial Drive Ministries Inc reported income of $831k and spending of $715k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $831k (+287%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Memorial Drive Ministries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Congregations Caring for Creation ($830k), Our Daily Bread Ministries Trust ($831k) and Vida Church Inc ($830k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $77k (11% of expenses). At year end it held assets of $1.2m against liabilities of $900, net assets of $1.2m. It reported 4 employees.