Iberoamerican Ministries

Analysis

Iberoamerican Ministries is a registered charity in United States, based in Monroe, WA. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Iberoamerican Ministries reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.3m (-9.6%), an average of -2.5% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iberoamerican Ministries sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Orangevale Community Foundation ($2.3m), United Through Reading ($2.3m) and Community Action Duluth ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $263k (11% of expenses). Other salaries and wages came to $571k. At year end it held assets of $750k against liabilities of $3,945, net assets of $746k. It reported 26 employees.