Permanecer Ministries Inc

Analysis

Permanecer Ministries Inc is a registered charity in United States, based in Rocklin, CA. It received its IRS tax-exemption ruling in May 2022, 4 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, Permanecer Ministries Inc reported income of $310k and spending of $290k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $273k to $310k (+14%), an average of +14% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Permanecer Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Family Promise of Great Falls ($310k), Equip2serve ($310k) and Gaining Christ Ministries ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $37k. At year end it held assets of $84k against liabilities of $0, net assets of $84k. It reported 1 employees.