Ministry Essentials

Analysis

Ministry Essentials is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in October 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, Ministry Essentials reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+46%), an average of +9.9% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ministry Essentials sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Canons Regular of St John Cantius ($1.8m), Family Place Early Enrichment Academy ($1.8m) and Rebuild Upstate ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (8.4% of expenses). Other salaries and wages came to $836k. At year end it held assets of $908k against liabilities of $7,838, net assets of $900k. It reported 23 employees.