Ancora Ministries Inc

Analysis

Ancora Ministries Inc is a registered charity in United States, based in Kyle, TX. It received its IRS tax-exemption ruling in September 2020, 6 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, Ancora Ministries Inc reported income of $297k and spending of $283k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $297k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ancora Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Center for Sacred Studies Morningstar Foundation ($297k), Kenya Mercy Ministries ($297k) and James Ward Ministries ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $56k (20% of expenses). Other salaries and wages came to $2,158. At year end it held assets of $94k against liabilities of $5,426, net assets of $88k. It reported 3 employees.