Amerson Music Ministries Inc

Analysis

Amerson Music Ministries Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Amerson Music Ministries Inc reported income of $518k and spending of $486k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $611k to $518k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Amerson Music Ministries Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include International Christian Development Mission Inc ($518k), Riverhill Interfaith Ctr Inc ($518k) and Sons of Thunder Ministries & Publications Inc ($518k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $209k (43% of expenses). At year end it held assets of $686k against liabilities of $2,225, net assets of $684k. It reported 2 employees.