Unlocked Ministries Incorporated

Analysis

Unlocked Ministries Incorporated is a registered charity in United States, based in Roanoke, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Unlocked Ministries Incorporated reported income of $98k and spending of $141k, spending 144% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $102k to $98k (-3.9%), an average of -3.9% a year. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unlocked Ministries Incorporated sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Camp Sunshine ($98k), Anne Grady Services ($98k) and Evoke Life Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 117% and program service revenue 4.0% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.