David Chung Ministries International

Analysis

David Chung Ministries International is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in November 2005, 21 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, David Chung Ministries International reported income of $317k and spending of $264k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $317k (+47%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, David Chung Ministries International sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Churches Touching Lives for Christ ($317k), Bhagwan Shree Lakshmi Narayan Dham Inc ($317k) and Bridge of Hope Ministries ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $31k (12% of expenses). At year end it held assets of $488k against liabilities of $2,197, net assets of $485k.