Seek Ye First Ministries Inc

Analysis

Seek Ye First Ministries Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Seek Ye First Ministries Inc reported income of $2.5m and spending of $2.1m, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $990k to $2.5m (+156%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seek Ye First Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Summit Agency Inc ($2.5m), Rocky Point Charter School ($2.5m) and Ladera Education Institute ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 62% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $4.6m against liabilities of $3.6m, net assets of $1.0m. It reported 45 employees.