Island Time Ministries

Analysis

Island Time Ministries is a registered charity in United States, based in Newcastle, WA. It received its IRS tax-exemption ruling in October 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, Island Time Ministries reported income of $654k and spending of $617k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $396k to $654k (+65%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Island Time Ministries sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Church of Christ India ($653k), Sirat Chicago ($654k) and Fallbrook Church Houston ($653k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $112k (18% of expenses). Other salaries and wages came to $233k. At year end it held assets of $170k against liabilities of $100k, net assets of $70k. It reported 10 employees.