148 Ministries Inc

Analysis

148 Ministries Inc is a registered charity in United States, based in Nineveh, IN. It received its IRS tax-exemption ruling in February 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, 148 Ministries Inc reported income of $81k and spending of $69k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $81k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 148 Ministries Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within IN. Charities of a similar size with the same main cause include Laguna Niguel Military Support Foundation ($81k), Methodist Early Learning ($81k) and Interdenominational Church Ushers Association of Maryland Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. At year end it held assets of $40k against liabilities of $5,159, net assets of $35k.