Interact Ministries Inc

Analysis

Interact Ministries Inc is a registered charity in United States, based in Boring, OR. It received its IRS tax-exemption ruling in August 1959, 67 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Interact Ministries Inc reported income of $2.7m and spending of $2.8m, spending 105% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.1m to $2.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to March 2021, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Interact Ministries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include Baptist Evangelistic Missionary Association Inc ($2.7m), David Rives Ministries ($2.7m) and Koinonia House Inc ($2.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 92% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $148k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $220k, net assets of $2.0m. It reported 46 employees.

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.