Ground Zero Ministries Inc

Analysis

Ground Zero Ministries Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Ground Zero Ministries Inc reported income of $795k and spending of $844k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $639k to $795k (+24%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 120% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ground Zero Ministries 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 77th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Friends of the Boys and Girls Clubs of Toledo ($794k), Soul Shoppe Programs ($795k) and Carteret County Partnership for Children ($794k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $119k (14% of expenses). Other salaries and wages came to $197k. At year end it held assets of $785k against liabilities of $140k, net assets of $645k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.