Great Lakes Mennonite Thrift Inc

Analysis

Great Lakes Mennonite Thrift Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Lakes Mennonite Thrift Inc reported income of $368k and spending of $361k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $368k (+135%), an average of +135% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 155% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Great Lakes Mennonite Thrift Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include West End Center Inc ($368k), Murphys Senior Center ($368k) and Aarons Place Inc ($368k).

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 $170k. At year end it held assets of $71k against liabilities of $300k, net assets of -$229k. It reported 13 employees.