Yancy Ministries Inc

Analysis

Yancy Ministries Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in August 2002, 24 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, Yancy Ministries Inc reported income of $286k and spending of $327k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $286k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Yancy Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Theravada Buddhist Association-Michigan ($286k), Iglesia Pentecostal El Buen Pastor Inc ($286k) and Austin Krishnas Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $37k (11% of expenses). Other salaries and wages came to $24k. At year end it held assets of $97k against liabilities of $0, net assets of $97k. It reported 2 employees.