Caring Ministries Inc

Analysis

Caring Ministries Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in December 1992, 34 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, Caring Ministries Inc reported income of $6.1m and spending of $6.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $6.1m (+2358%), an average of +123% a year. The sharpest change came in the year to December 2022, when income rose by 1135%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Caring Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include St Marys Highland Hills Inc ($6.1m), Troy Brewer Charitable Network ($6.1m) and Global Serve International Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $122k. At year end it held assets of $391k against liabilities of $41k, net assets of $350k.