The Place Ministries Inc

Analysis

The Place Ministries Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in July 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, The Place Ministries Inc reported income of $145k and spending of $113k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $145k (+3.2%), an average of +3.2% a year. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Place Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include St Thomas Legacy Foundation ($145k), Jumpah Org ($145k) and Stepping Stone Missions ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.