Growth Ministries Incorporated
- Assets
- $110.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood, IN
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-4347590
Organization Overview
Growth Ministries Incorporated is located in Greenwood, IN. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growth Ministries Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Growth Ministries Incorporated generated $11.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $9.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (27.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles C Lake Chair, CEO | 10 | $0 | |
Kimberly J Gale Bookkeeper | 18 | $6,000 | |
Dean Jones Director | 0 | $0 | |
Kerry Huffman Director | 0 | $0 | |
Larry Jensen Director | 0 | $0 | |
Bob Logsdon Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,460 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,495 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,782 |
| Total expenses | $9,782 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,342 |
| Other assets | $0 |
| Total assets | $110,233 |
| Total liabilities | $270 |
| Net assets or fund balances | $109,963 |