Compassion Ministry Inc

Analysis

Compassion Ministry Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Compassion Ministry Inc reported income of $323k and spending of $281k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $342k to $323k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Compassion Ministry Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Heartland Resources Inc ($323k), Dreams Come True Inc ($323k) and Living Stones ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $495k against liabilities of $2,745, net assets of $492k.