Rural Music Ministries

Analysis

Rural Music Ministries is a registered charity in United States, based in Isle, MN. 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, Rural Music Ministries reported income of $243k and spending of $244k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $243k (+35%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 35%. 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, Rural Music Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Valley Revival Ministries ($243k), Mentoring Plus ($243k) and People Loving People Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,575 against liabilities of $0, net assets of $2,575.