Community Outreach Ministries Inc

Analysis

Community Outreach Ministries Inc is a registered charity in United States, based in Tennyson, IN. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Community Outreach Ministries Inc reported income of $160k and spending of $11k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $160k (+448%), an average of +448% a year. The sharpest change came in the year to December 2023, when income rose by 448%. Over the whole period it spent 12% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Outreach Ministries Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within IN. Charities of a similar size with the same main cause include River Park Apartments Inc ($160k), Terra Quest Inc ($160k) and Thomas Patrick Maroney Unity Apartments Inc ($160k).

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 $578k against liabilities of $0, net assets of $578k.