Cap Ministries Inc

Analysis

Cap Ministries Inc is a registered charity in United States, based in Poolville, TX. It received its IRS tax-exemption ruling in May 2022, 4 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, Cap Ministries Inc reported income of $108k and spending of $125k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $250k to $108k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cap Ministries Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Chua Bao Hai ($107k), Local Church Apologetics ($108k) and Gracepointe Ministries ($107k).

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 $60k (48% of expenses). Other salaries and wages came to $18k. At year end it held assets of $170k against liabilities of $0, net assets of $170k. It reported 1 employees.