Myrtle House Ministries

Analysis

Myrtle House Ministries is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, Myrtle House Ministries reported income of $159k and spending of $125k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $155k to $159k (+2.6%), an average of +2.6% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Myrtle House Ministries sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Prince Georges Philharmonic ($159k), Nautical Research Guild Inc ($159k) and Habitat for Humanity International Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.