Overcoming Obstacles Ministries

Analysis

Overcoming Obstacles Ministries is a registered charity in United States, based in Grandview, TX. It received its IRS tax-exemption ruling in January 2018, 8 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, Overcoming Obstacles Ministries reported income of $303k and spending of $329k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $340k to $303k (-11%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. 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, Overcoming Obstacles Ministries sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Beauty for Ashes Ministry ($303k), Together West Michigan Education Fund ($303k) and Buddhist Social Services Center ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $74k (23% of expenses). Other salaries and wages came to $23k. At year end it held assets of $78k against liabilities of $6,091, net assets of $72k. It reported 5 employees.