Mormonism Research Ministry

Analysis

Mormonism Research Ministry is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in February 1981, 45 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, Mormonism Research Ministry reported income of $697k and spending of $296k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $697k (+220%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mormonism Research Ministry sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include Camp Ao-Wa-Kiya ($697k), Computers for the Blind ($697k) and Old Baldy Foundation Inc ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $72k (24% of expenses). At year end it held assets of $839k against liabilities of $0, net assets of $839k.