Passion Ministries Inc

Analysis

Passion Ministries Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in October 1998, 28 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 2022, Passion Ministries Inc reported income of $503k and spending of $514k, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $362k to $503k (+39%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 38%. 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, Passion 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 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Congregational Foundation Inc ($502k), Tue Vien-Wisdom Garden Buddhist Center ($503k) and Reston Study Center Inc ($502k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $83k (16% of expenses). At year end it held assets of $3,059 against liabilities of $30k, net assets of -$27k.