Magnify Ministries
- Assets
- $138.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yadkinville, NC
- Founding
- 06/2012
- Data as of
- 12/2021
- EIN
- 27-1855954
Organization Overview
Magnify Ministries is located in Yadkinville, NC. The organization was established in 2012. 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. Magnify Ministries 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 12/2021, Magnify Ministries generated $133.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $111.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
COORDINATE AND PARTICIPATE IN MISSION PROJECTS THAT INVOLVE AND ENGAGE YOUTH AND ADULTS AS VOLUNTEERS IN SHARING THE LOVE OF CHRIST BY PROVIDING MINISTRY ASSISTANCE TO THOSE IN NEED IN AND AROUND OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Hoots Treasurer | 2 | $0 | |
Brent Winslow Vice Preside | 2 | $0 | |
Mark Gentry Asst Treasur | 0 | $0 | |
Chris Hauser President | 5 | $0 | |
Bev Plummer Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,076 |
| 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 | $133,076 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,500 |
| Occupancy, rent, utilities, and maintenance | $1,549 |
| Printing, publications, postage, and shipping | $1,153 |
| Other expenses | $107,473 |
| Total expenses | $111,675 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,355 |
| Other assets | $0 |
| Total assets | $138,432 |
| Total liabilities | $0 |
| Net assets or fund balances | $138,432 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Magnify Ministries has recieved totaling $87,000.
| Awarding Organization | Amount |
|---|---|
E H Barnard Charitable Trust 1033005817 Orlando, FL PURPOSE: GENERAL OPERATING | $45,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $42,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |