Anointing Oil Ministries Incorporated

Analysis

Anointing Oil Ministries Incorporated is a registered charity in United States, based in Gallup, NM. It received its IRS tax-exemption ruling in November 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, Anointing Oil Ministries Incorporated reported income of $79k and spending of $83k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $79k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Anointing Oil Ministries Incorporated sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within NM. Charities of a similar size with the same main cause include Salt Lake Theological Seminary ($79k), Harmony Grove Spiritualist Association ($79k) and Chautauqua Catholic Community Inc ($79k).

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 $5,066 against liabilities of $0, net assets of $5,066.