International Care Ministries

Analysis

International Care Ministries is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 May 2023, International Care Ministries reported income of $10.8m and spending of $11.4m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $7.2m to $10.8m (+49%), an average of +10% a year. The sharpest change came in the year to May 2023, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, International Care Ministries sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Residential Options Inc ($10.8m), The Resident Home Corporation ($10.8m) and Mixteco Indigena Community Organizing Project ($10.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $402k (3.5% of expenses). Other salaries and wages came to $118k. At year end it held assets of $1.9m against liabilities of $1.9m, net assets of $25k. It reported 6 employees.