Canaveral Port Ministry Inc

Analysis

Canaveral Port Ministry Inc is a registered charity in United States, based in Cpe Canaveral, FL. It received its IRS tax-exemption ruling in April 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 2022, Canaveral Port Ministry Inc reported income of $599k and spending of $552k, spending 92% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $616k to $599k (-2.8%), an average of -2.8% a year. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Canaveral Port Ministry Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Life Changing Ministries Inc ($598k), New Hope Presbyterian Church ($599k) and Commission Mankind Inc ($598k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $30k (5.4% of expenses). Other salaries and wages came to $253k. At year end it held assets of $595k against liabilities of $609, net assets of $594k. It reported 13 employees.