Compassion Ministries

Analysis

Compassion Ministries is a registered charity in United States, based in Burnsville, MN. It received its IRS tax-exemption ruling in June 2017, 9 years ago. 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, Compassion Ministries reported income of $3.0m and spending of $1.9m, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $705k to $3.0m (+322%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Compassion Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include YWCA of Glendale and Pasadena ($3.0m), Womens Development Corporation ($3.0m) and New York State Association of Independent Schools ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $462k (24% of expenses). At year end it held assets of $3.6m against liabilities of $2.4m, net assets of $1.2m. It reported 24 employees.