Ministry Development Services Inc

Analysis

Ministry Development Services Inc is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ministry Development Services Inc reported income of $91k and spending of $99k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $91k (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ministry Development Services Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Leons New Horizons Inc ($91k), Love Inc of Eagle River ($92k) and Mount Zion Human Services Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 95% of the total. Other salaries and wages came to $46k. At year end it held assets of $7,483 against liabilities of $11k, net assets of -$3,828. It reported 2 employees.