Cameneti Ministries Inc

Analysis

Cameneti Ministries Inc is a registered charity in United States, based in Taylors, SC. It received its IRS tax-exemption ruling in March 1988, 38 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, Cameneti Ministries Inc reported income of $382k and spending of $310k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $382k (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cameneti Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include Iglesia Cristo Mi Redentor Ministerio Elohim Inc ($382k), Legacy Builders Ministry ($382k) and Hermano Pablo Ministries ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $40k (13% of expenses). At year end it held assets of $325k against liabilities of $28k, net assets of $297k. It reported 3 employees.