Mineral Springs Church of Christ

Analysis

Mineral Springs Church of Christ is a registered charity in United States, based in Monroe, NC. 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, Mineral Springs Church of Christ reported income of $84k and spending of $40k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $93k to $84k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mineral Springs Church of Christ sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include First Faith Baptist Church Inc ($84k), The Potters Inn ($84k) and Lighthouse Albania ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $450. At year end it held assets of $448k against liabilities of $128k, net assets of $320k.