Theophilos III Intergenerational Diversified Outreach Ministries

Analysis

Theophilos III Intergenerational Diversified Outreach Ministries is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Theophilos III Intergenerational Diversified Outreach Ministries reported income of $748k and spending of $765k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $748k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Theophilos III Intergenerational Diversified Outreach Ministries sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Springbrook Apartments Inc ($748k), Birmingham Green Assisted Living Inc ($748k) and New Journey CDC Inc ($747k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.