Convene International Ministries Inc

Analysis

Convene International Ministries Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Convene International Ministries Inc reported income of $226k and spending of $212k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $258k to $226k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Convene International Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Center for Jobs and the Economy ($226k), Arrowhead Business Group Foundation Inc ($226k) and Professional Opticians of Florida Education Foundation Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $139k (66% of expenses). At year end it held assets of $109k against liabilities of $1,562, net assets of $107k.