Retired Ministers Home Board

Analysis

Retired Ministers Home Board is a registered charity in United States, based in Sulphur, LA. It received its IRS tax-exemption ruling in November 2012, 14 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, Retired Ministers Home Board reported income of $109k and spending of $188k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $139k to $109k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Retired Ministers Home Board sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within LA. Charities of a similar size with the same main cause include Isaiah Project ($109k), West County Charitable Endowment ($109k) and Lithuanian Catholic Academy of Sciences Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $14k (7.7% of expenses). At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.