XL Ministries Inc

Analysis

XL Ministries Inc is a registered charity in United States, based in Roanoke, TX. It received its IRS tax-exemption ruling in January 1993, 33 years ago. 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 September 2023, XL Ministries Inc reported income of $580k and spending of $617k, spending 106% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $210k to $580k (+176%), an average of +66% a year. The sharpest change came in the year to September 2023, when income rose by 106%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, XL Ministries Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Association of School Business Officials International ($580k), Croton Caring Committee Inc ($580k) and Haven in Lee County Inc ($580k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $122k (20% of expenses). Other salaries and wages came to $104k. At year end it held assets of $185k against liabilities of $10k, net assets of $175k. It reported 7 employees.