I Am Outreach Ministries Inc

Analysis

I Am Outreach Ministries Inc is a registered charity in United States, based in Knightdale, NC. It received its IRS tax-exemption ruling in August 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 2023, I Am Outreach Ministries Inc reported income of $264k and spending of $231k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $264k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, I Am Outreach Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Eloheh Eagles Wings ($264k), First Brazilian Assembly of God Church ($264k) and Map 10 40 ($264k).

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 $40k (17% of expenses). At year end it held assets of $428k against liabilities of $382k, net assets of $46k.