Cutting Edge Ministries Inc

Analysis

Cutting Edge Ministries Inc is a registered charity in United States, based in Wauchula, FL. It received its IRS tax-exemption ruling in September 2001, 25 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cutting Edge Ministries Inc reported income of $204k and spending of $264k, spending 130% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $217k to $204k (-6.0%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cutting Edge Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Contra Costa Service Association of Alcoholics Anonymous ($203k), Kittson County Historical Society ($204k) and Lexington Rotary Club Endowment Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $7,200 (2.7% of expenses). Other salaries and wages came to $51k. At year end it held assets of $247k against liabilities of $73k, net assets of $173k. It reported 4 employees.