Patmos Global Ministries Inc

Analysis

Patmos Global Ministries Inc is a registered charity in United States, based in Sunnyvale, TX. It received its IRS tax-exemption ruling in September 2022, 4 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, Patmos Global Ministries Inc reported income of $399k and spending of $207k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $399k (+240%), an average of +240% a year. The sharpest change came in the year to December 2023, when income rose by 240%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Patmos Global Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Sikh Sangat Society Boston Inc ($399k), Upon the Rock ($399k) and Dayspring Outreach Ministries ($399k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (38% of expenses). At year end it held assets of $219k against liabilities of $0, net assets of $219k.