Marys Ministries Inc

Analysis

Marys Ministries Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Marys Ministries Inc reported income of $567k and spending of $557k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $235k to $567k (+141%), an average of +19% a year. The sharpest change came in the year to December 2019, when income rose by 75%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Marys Ministries Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AZ. Charities of a similar size with the same main cause include Futurechurch ($567k), Ohel Sara Bukhurian Jewish Center Inc ($568k) and Swaminarayan Shubh Sanskar Sanstha Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $296k. At year end it held assets of $2.1m against liabilities of $103k, net assets of $2.0m. It reported 8 employees.