Immanuel Caring Ministries Inc

Analysis

Immanuel Caring Ministries Inc is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, 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, Immanuel Caring Ministries Inc reported income of $38.3m and spending of $37.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.7m to $38.3m (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Immanuel Caring Ministries Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Graceworks Lutheran Services ($38.3m), Joliet Area Community Hospice Corporation ($38.3m) and Shepherd of the Valley Lutheran Retirement Services Inc ($38.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.2m (5.9% of expenses). Other salaries and wages came to $17.8m. At year end it held assets of $36.5m against liabilities of $70.4m, net assets of -$33.8m. It reported 526 employees.