Ankit Rambabu Ministries Inc

Analysis

Ankit Rambabu Ministries Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in July 2022, 4 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 2022, Ankit Rambabu Ministries Inc reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $94k to $1.4m (+1371%), an average of +284% a year. The sharpest change came in the year to December 2021, when income rose by 1033%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ankit Rambabu Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Jesuit Collaborative ($1.4m), Center for Independence ($1.4m) and Breath of Life Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $158k. At year end it held assets of $188k against liabilities of $91k, net assets of $97k. It reported 8 employees.