Celebration Ministries Inc

Analysis

Celebration Ministries Inc is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in September 2015, 11 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 2021, Celebration Ministries Inc reported income of $772k and spending of $757k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $503k to $772k (+54%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 492%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Celebration Ministries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Filipino Community of Solano County Inc ($772k), Mountain of Fire and Miracles Ministries Texas Incorporated ($773k) and Adore Ministries Inc ($772k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $18k (2.3% of expenses). Other salaries and wages came to $24k. At year end it held assets of $2.7m against liabilities of $2.4m, net assets of $318k. It reported 1 employees.