Ferrante Ministries Inc

Analysis

Ferrante Ministries Inc is a registered charity in United States, based in San Juan Capo, CA. It received its IRS tax-exemption ruling in April 2016, 10 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 2020, Ferrante Ministries Inc reported income of $691k and spending of $594k, spending 86% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $503k to $691k (+37%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ferrante Ministries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include West Point Jewish Chapel Fund ($690k), American Friends of Chabad Lubavitch Aruba Inc ($692k) and South Florida Family Care Alliance Inc ($690k).

Compensation of current officers, directors and key employees was $380k (64% of expenses). At year end it held assets of $282k against liabilities of $1,187, net assets of $281k. It reported 1 employees.