Cross of Our Lord Jesus Christ Ministries

Analysis

Cross of Our Lord Jesus Christ Ministries is a registered charity in United States, based in Groom, TX. It received its IRS tax-exemption ruling in June 1996, 30 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 2023, Cross of Our Lord Jesus Christ Ministries reported income of $284k and spending of $278k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $284k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cross of Our Lord Jesus Christ Ministries sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Wong Tai-Sen Center ($284k), Onerace Inc ($284k) and Hamoreh Ministries ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $916 (0.3% of expenses). Other salaries and wages came to $69k. At year end it held assets of $1.2m against liabilities of $1,188, net assets of $1.2m. It reported 2 employees.