247 Ministry

Analysis

247 Ministry is a registered charity in United States, based in Burke, VA. It received its IRS tax-exemption ruling in April 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 Ministry reported income of $83k and spending of $72k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $57k to $83k (+46%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 247 Ministry sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Partnering for Mexico City ($83k), Prayer Huddle Ministries Inc ($83k) and First Priority Arklatex Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.