Micah Cornerstone Ministries Inc

Analysis

Micah Cornerstone Ministries Inc is a registered charity in United States, based in West Fargo, ND. It received its IRS tax-exemption ruling in November 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, Micah Cornerstone Ministries Inc reported income of $113k and spending of $89k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $113k (-13%), an average of -13% a year. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Micah Cornerstone Ministries Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 31st percentile within ND. Charities of a similar size with the same main cause include Iglesia Cristianna Restaurando Almas Para Cristo Inc ($113k), Diboll Christian Outreach ($113k) and Youth & Family Outreach Program Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $139k against liabilities of $960, net assets of $138k.