Center for Global Ministries

Analysis

Center for Global Ministries is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Center for Global Ministries reported income of $243k and spending of $226k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $243k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Center for Global Ministries sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Mark Messier Foundation Inc ($243k), United Way of Central Kansas Inc ($243k) and Regalitos Foundation of Florida Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.