Coming Out Ministries Incorporated

Analysis

Coming Out Ministries Incorporated is a registered charity in United States, based in Berrien SPRGS, MI. It received its IRS tax-exemption ruling in July 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, Coming Out Ministries Incorporated reported income of $251k and spending of $250k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $251k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Coming Out Ministries Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Christian Faith Ministries ($251k), Breath of the Spirit Ministries ($251k) and Chosen Generation Community Corp ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $97k (39% of expenses). Other salaries and wages came to $8,302. At year end it held assets of $322k against liabilities of $267k, net assets of $55k. It reported 3 employees.