Qianxing Ministry Inc

Analysis

Qianxing Ministry Inc is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in September 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, Qianxing Ministry Inc reported income of $1.4m and spending of $40k, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $1.4m (+1234%), an average of +1234% a year. The sharpest change came in the year to December 2023, when income rose by 1234%. Over the whole period it spent 8.6% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Qianxing Ministry Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include R 13 Incorporated ($1.4m), Ocean City Tabernacle Assoc ($1.4m) and Madina Mercy Inc ($1.4m).

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 $1.5m against liabilities of $0, net assets of $1.5m.