James F Myers Ministries Inc

Analysis

James F Myers Ministries Inc is a registered charity in United States, based in Houston, TX. 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 May 2023, James F Myers Ministries Inc reported income of $451k and spending of $230k, leaving 49% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $194k to $451k (+133%), an average of +32% a year. The sharpest change came in the year to May 2022, when income rose by 69%. Over the whole period it spent 56% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, James F Myers Ministries Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Second Mile Corporation ($451k), Guided Impact Foundation Inc ($451k) and Life Care Outreach Ministry Inc ($451k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (19% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.