Mike Cleghorn Ministries Inc

Analysis

Mike Cleghorn Ministries Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 1972, 54 years ago. 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, Mike Cleghorn Ministries Inc reported income of $74k and spending of $41k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $74k (-6.5%), an average of -6.5% a year. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mike Cleghorn Ministries Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Student Assistance Fund of the Engineers Club of Kansas City ($74k), St Mary Chapter of the Louisiana Landmarks Society ($74k) and East Lacrosse Association ($74k).

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 $159k against liabilities of $0, net assets of $159k.