Monte de Horeb Ministries Inc

Analysis

Monte de Horeb Ministries Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Monte de Horeb Ministries Inc reported income of $373k and spending of $373k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $311k to $373k (+20%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monte de Horeb Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Wings Outreach Worldwide Inc ($373k), Metropolitan Detroit Diaper Bank MDDB Inc ($373k) and Neighborhood Focus ($373k).

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 (8.0% of expenses). At year end it held assets of $124k against liabilities of $60, net assets of $124k. It reported 1 employees.