Petra International Ministries Inc

Analysis

Petra International Ministries Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Petra International Ministries Inc reported income of $1.1m and spending of $808k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $1.1m (+199%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Petra International Ministries Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within MT. Charities of a similar size with the same main cause include Unreached Villages ($1.1m), Torah Support Fund Inc ($1.1m) and Grace Charitable Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $84k (10% of expenses). At year end it held assets of $550k against liabilities of $48k, net assets of $502k.