Missionary Evangelism Inc

Analysis

Missionary Evangelism Inc is a registered charity in United States, based in Alamo, TX. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 June 2023, Missionary Evangelism Inc reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $873k to $1.2m (+35%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Missionary Evangelism Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Alaska Native Health Board ($1.2m), United Way of Idaho Falls & Bonneville County Inc ($1.2m) and Medical Foundation of Alabama Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $115k (8.4% of expenses). Other salaries and wages came to $406k. At year end it held assets of $2.2m against liabilities of $658k, net assets of $1.6m. It reported 44 employees.