Overview
What is Maranatha Ministries Unlimited?
Maranatha Ministries Unlimited is a nonprofit organization with a Christian focus, serving both youth and adults. Their primary mission is to propagate the gospel through various means. They conduct seminars, retreats, and organize events, utilizing music and drama recordings and written materials as tools to achieve this goal. The organization operates as a platform for spreading spiritual teachings and fostering a sense of community amongst its followers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Maranatha Ministries Unlimited has received a score of 73%, indicating a Two-Star rating. This score reflects the organization's accountability and financial health, with particularly strong performance in areas such as having a fully independent board and no reported diversion of assets. The organization scores well for documenting board meeting minutes and reporting a favorable liabilities to assets ratio, showcasing effective management practices.
Strengths highlighted in the evaluation include a perfect program expense ratio of 100%, which suggests that all funds are being directed towards the organization’s programs. Additionally, the organization boasts a fully independent board of members, which is a positive indicator of governance and oversight. This level of independence can help ensure that the interests of the nonprofit's mission are prioritized.
However, the overall rating of 73% suggests that there may be areas needing improvement to enhance transparency and operational effectiveness. While the absence of significant liabilities and high program expense ratio are commendable, potential donors may want to seek further information about the overall impact of the organization's programs and any future initiatives that could strengthen its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Maranatha Ministries Unlimited legitimate?
Maranatha Ministries Unlimited is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maranatha Ministries Unlimited submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Maranatha Ministries Unlimited?
Maranatha Ministries Unlimited serves as a Christian ministry, dedicated to reaching out to both youth and adults. Through various strategies, they aim to spread the gospel. This is accomplished through conducting Christian seminars, organizing retreats, producing music and drama recordings, and publishing books. The primary objective of Maranatha Ministries Unlimited is to use these tools to further their Christian teachings and message.
Who is the CEO of Maranatha Ministries Unlimited?
Betty J Hobbs is the President of Maranatha Ministries Unlimited.
What is the revenue of Maranatha Ministries Unlimited?
Maranatha Ministries Unlimited's revenue in 2022 was $162,453.
Who are the executives of Maranatha Ministries Unlimited and what are their salaries?
The average compensation at Maranatha Ministries Unlimited during 2022 was $2,445. There are 2 employees at Maranatha Ministries Unlimited.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Maranatha Ministries Unlimited?
Maranatha Ministries Unlimited's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maranatha Ministries Unlimited
Maranatha Ministries Unlimited, a Christian ministry organization, dedicates its efforts to serving both youth and adults. Its mission is centered around spreading the gospel through various means. This includes conducting Christian seminars and retreats, producing music and drama recordings, and publishing books. By employing these methods, Maranatha Ministries Unlimited aims to further its mission of sharing the teachings of Christianity.
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Impact
October, 2024
Maranatha Ministries Unlimited significantly impacts the community by providing a diverse array of resources and programs focused on spiritual growth and outreach. Through Christian seminars and retreats, they create spaces for individuals to deepen their faith and connect with others. The organization also engages audiences with music and drama recordings, making the message of the gospel accessible and relatable to both youth and adults.
By offering books and educational materials, Maranatha Ministries Unlimited empowers individuals to explore their spirituality more deeply and encourages lifelong learning in their faith journey. This multifaceted approach not only spreads the gospel but also fosters a sense of community and support, helping people navigate their spiritual lives and build meaningful relationships with others. Ultimately, Maranatha Ministries Unlimited serves as a vital resource for spiritual development within Wilmington, NC, and beyond.
This information is meant to be a general summary of Maranatha Ministries Unlimited. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6
- Gross Receipts: $162,453
Assets and Liabilities:
- Total Assets: $103,233
- Total Liabilities: $15,722
- Net Assets: $87,511
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Organization Details
Founding Year
1970
Principal Officer
Betty J Hobbs
Main Address
POST OFFICE BOX 7003, WILMINGTON, NC, 28406
NTEE Category
Code: X200 - Religion related
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