Panicrev Ministries

Analysis

Panicrev Ministries is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in August 2016, 10 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, Panicrev Ministries reported income of $260k and spending of $258k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $260k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Panicrev Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Chesed Avraham Zev - the Dr Abe Chames Foundation ($260k), Mission Vineyard ($260k) and Mac Ministries ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $23k (8.8% of expenses). Other salaries and wages came to $148k. At year end it held assets of $430k against liabilities of $7,489, net assets of $423k. It reported 1 employees.