434 Ministries

Analysis

434 Ministries is a registered charity in United States, based in Corydon, IN. It received its IRS tax-exemption ruling in August 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 434 Ministries reported income of $129k and spending of $60k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $108k to $129k (+20%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 434 Ministries sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within IN. Charities of a similar size with the same main cause include Aura Home Women Vets ($129k), Asi Sioux Falls Inc ($129k) and Rose Michael Gardens NFP ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.9% of the total. At year end it held assets of $322k against liabilities of $306, net assets of $322k.