517 Ministries

Analysis

517 Ministries is a registered charity in United States, based in Middletown, VA. It received its IRS tax-exemption ruling in March 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, 517 Ministries reported income of $97k and spending of $91k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $97k (+39%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 517 Ministries sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Tuong Quang Buddhist Temple Inc ($97k), Upstate Christian Ministries Inc ($97k) and The Jesus Video Project of Alabama Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $299, net assets of $23k.