Gathering Ministries

Analysis

Gathering Ministries is a registered charity in United States, based in Bingham Lake, MN. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gathering Ministries reported income of $230k and spending of $215k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $334k to $230k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gathering Ministries sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Trojan Football Booster Club Inc ($230k), Visionledd USA ($230k) and Chabad of Rural Georgia Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.0m against liabilities of $195k, net assets of $814k. It reported 3 employees.