Axis Ministries Inc

Analysis

Axis Ministries Inc is a registered charity in United States, based in Culleoka, TN. It received its IRS tax-exemption ruling in April 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, Axis Ministries Inc reported income of $55k and spending of $88k, spending 160% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $256k to $55k (-79%), an average of -79% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 55% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Axis Ministries Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Reformed Seminary Incorporated ($55k), Ike and Cindy Cool Ministries Inc ($55k) and Fredericksburg United Methodist Church Foundation Inc ($55k).

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 $137k against liabilities of $219, net assets of $137k.