Qoheleth Ministries

Analysis

Qoheleth Ministries is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Qoheleth Ministries reported income of $132k and spending of $162k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $169k to $132k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Qoheleth Ministries sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Cornerstone Childrens Ranch Inc ($132k), Challenger Miracle Field of Wny ($132k) and Clearwater County Senior Citizens Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.