Atulado Ministries

Analysis

Atulado Ministries is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 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 (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, Atulado Ministries reported income of $558k and spending of $530k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $349k to $558k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Atulado Ministries sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Debrequsquamkidistmariam E O TC ($558k), Horizon University a California Non Profit Religious Group ($558k) and Divine Hope Reformed Bible Seminary ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.