Ministerial Association Temporary Shelter Inc

Analysis

Ministerial Association Temporary Shelter Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ministerial Association Temporary Shelter Inc reported income of $442k and spending of $434k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $453k to $442k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ministerial Association Temporary Shelter Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Brownstones Alliance Inc ($442k), Hamilton Place Housing Corporation ($442k) and Marymount Association for Senior Housing ($442k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $57k (13% of expenses). Other salaries and wages came to $158k. At year end it held assets of $706k against liabilities of $34k, net assets of $672k. It reported 25 employees.