Cannan Latin American Ministries Inc

Analysis

Cannan Latin American Ministries Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Cannan Latin American Ministries Inc reported income of $309k and spending of $270k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $291k to $309k (+6.0%), an average of +6.0% a year. 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, Cannan Latin American Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Whole Heart Ministries Inc ($308k), Emmanuel Anglican Church ($309k) and Alaska Correctional Ministries Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Compensation of current officers, directors and key employees was $100k (37% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.3m against liabilities of $787k, net assets of $495k.