Global Springs Ministry

Analysis

Global Springs Ministry is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Global Springs Ministry reported income of $66k and spending of $92k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $66k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Global Springs Ministry sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IN. Charities of a similar size with the same main cause include Church of the New Covenant Inc ($66k), Visions Christian Center ($66k) and WMM Resource Center ($66k).

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 $50k against liabilities of $0, net assets of $50k.