Advent Share Ministries Inc

Analysis

Advent Share Ministries Inc is a registered charity in United States, based in Edinburg, TX. It received its IRS tax-exemption ruling in June 2009, 17 years ago. 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, Advent Share Ministries Inc reported income of $142k and spending of $152k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $122k to $142k (+16%), an average of +7.6% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advent Share Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Foster Care Alumni of America ($142k), East Brandywine Firemens Relief Assoc ($142k) and The Skyline Foundation C/O Skyline Hospital ($142k).

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 $45k against liabilities of $45k, net assets of $0.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.