I58 Ministry

Analysis

I58 Ministry is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, I58 Ministry reported income of $59k and spending of $43k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $59k (+2.1%), an average of +2.1% a year. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, I58 Ministry sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include A Giving Heart Project Inc ($59k), Sundoulos Inc ($59k) and Mosaic Housing Corp Xvi Farmington ($59k).

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 $98k against liabilities of $0, net assets of $98k.