Ground 40 Ministries

Analysis

Ground 40 Ministries is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in December 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 2022, Ground 40 Ministries reported income of $1.0m and spending of $851k, spending 84% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $648k to $1.0m (+56%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ground 40 Ministries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Harry E Sheldon Calvary Camp Inc ($1.0m), West Point Fellowship Inc ($1.0m) and Unity Christian Ministries ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 62% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $45k (5.3% of expenses). Other salaries and wages came to $243k. At year end it held assets of $907k against liabilities of $825k, net assets of $82k. It reported 9 employees.