Mustard Seed Ministries of Fort Pierce Inc

Analysis

Mustard Seed Ministries of Fort Pierce Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Mustard Seed Ministries of Fort Pierce Inc reported income of $4.8m and spending of $5.2m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $4.8m (+256%), an average of +53% a year. The sharpest change came in the year to December 2022, when income rose by 136%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mustard Seed Ministries of Fort Pierce Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Hearts and Homes for Youth Inc ($4.8m), Ronald McDonald House Charities of Maryland Inc ($4.8m) and Respite Care of San Antonio Incorporated ($4.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $658k. At year end it held assets of $1.0m against liabilities of $3,101, net assets of $1.0m. It reported 25 employees.