Advent Group Ministries Inc

Analysis

Advent Group Ministries Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Advent Group Ministries Inc reported income of $2.5m and spending of $2.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.5m (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advent Group Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Kidwatch Plus Inc ($2.5m), Summit County Child Care Resource & Referral Agency ($2.5m) and Fostering Futures ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 55% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.