Beauty for Ashes Ministries Inc

Analysis

Beauty for Ashes Ministries Inc is a registered charity in United States, based in Lenoir City, TN. 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, Beauty for Ashes Ministries Inc reported income of $188k and spending of $139k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $86k to $188k (+118%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Beauty for Ashes Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Grace Counseling Ministries Inc ($188k), See Shine Temple USA ($188k) and Open Door Worship Center Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (21% of expenses). Other salaries and wages came to $38k. At year end it held assets of $364k against liabilities of $0, net assets of $364k. It reported 3 employees.