Trust for Methodist Development of the 1st United Methodist Church

Analysis

Trust for Methodist Development of the 1st United Methodist Church is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trust for Methodist Development of the 1st United Methodist Church reported income of $155k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $49k to $155k (+216%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 274%. Over the whole period it spent 0.0% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Trust for Methodist Development of the 1st United Methodist Church sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within NV. Charities of a similar size with the same main cause include Nehemiah House Ministries Inc ($155k), International Ministries Network ($155k) and To Every Nation Inc ($155k).

At year end it held assets of $1.8m against liabilities of $65k, net assets of $1.7m.