Compassion Ministries Ltd

Analysis

Compassion Ministries Ltd is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Compassion Ministries Ltd reported income of $475k and spending of $618k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $475k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Compassion Ministries Ltd sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within AR. Charities of a similar size with the same main cause include Tolani Lake Enterprises Inc ($475k), Dania Economic Development Corporation ($475k) and Personal Affordable Living Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $340k. At year end it held assets of $593k against liabilities of $146k, net assets of $446k. It reported 19 employees.