R3 Ministry Network Inc

Analysis

R3 Ministry Network Inc is a registered charity in United States, based in Benson, NC. It received its IRS tax-exemption ruling in May 2021, 5 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, R3 Ministry Network Inc reported income of $137k and spending of $133k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $190k to $137k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, R3 Ministry Network Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Hope Unlimited Ministries ($137k), Love Inc of Otero County ($137k) and Fpac Ministries ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.