Institute for Ministry Development

Analysis

Institute for Ministry Development is a registered charity in United States, based in LA Salle, CO. It received its IRS tax-exemption ruling in April 1996, 30 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, Institute for Ministry Development reported income of $374k and spending of $367k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $374k (+8.3%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Institute for Ministry Development sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Daughters of St Elias ($374k), El Taller DL Maestro Inc ($374k) and Walking Faith Ministry Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $68k (18% of expenses). Other salaries and wages came to $16k. At year end it held assets of $164k against liabilities of $13k, net assets of $151k. It reported 3 employees.