Ed Lacy Ministries Inc

Analysis

Ed Lacy Ministries Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in January 1995, 31 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, Ed Lacy Ministries Inc reported income of $276k and spending of $259k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $342k to $276k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ed Lacy Ministries Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within AL. Charities of a similar size with the same main cause include International Bodhisattva Sangha ($276k), 415 Leadership Inc ($276k) and Ministerio Dios Esta Aqui Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). At year end it held assets of $560k against liabilities of $0, net assets of $560k. It reported 1 employees.