247 Media Ministries

Analysis

247 Media Ministries is a registered charity in United States, based in Wilsonville, OR. It received its IRS tax-exemption ruling in May 2019, 7 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, 247 Media Ministries reported income of $1.4m and spending of $1.1m, spending 81% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $239k to $1.4m (+488%), an average of +80% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 247 Media Ministries sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within OR. Charities of a similar size with the same main cause include Kingdom Katalyst ($1.4m), Desire Street Ministries ($1.4m) and Christ Medicus Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $82k (7.1% of expenses). Other salaries and wages came to $168k. It paid $7,500 in professional fundraising fees. At year end it held assets of $640k against liabilities of $144k, net assets of $496k. It reported 5 employees.