Carol McLeod Ministries Inc

Analysis

Carol McLeod Ministries Inc is a registered charity in United States, based in Orchard Park, NY. It received its IRS tax-exemption ruling in June 2018, 8 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carol McLeod Ministries Inc reported income of $215k and spending of $206k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $215k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carol McLeod Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Merit Hall Apartments Inc ($215k), James C Dulin Goodwill Industries Fund ($215k) and Friends of the Hermitage ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $38k (18% of expenses). At year end it held assets of $29k against liabilities of $0, net assets of $29k. It reported 3 employees.