Marketplace Ministries

Also known as Marketplace Chaplains

Plano, TX · EIN 75-1977793 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Marketplace Ministries reported $31.4 million in revenue and $29.4 million in expenses for calendar year 2024. Of every $100 it spent, $88.71 went to program services, $11.10 to management and general costs and $0.19 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.7% of the total. The highest compensation it reported for one person was $301,139 (President/CEO). 11 people received more than $100,000 in reportable compensation. Revenue rose 62% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $29M

Program services$88.71 $26M
Management & general$11.10 $3.3M
Fundraising$0.19 $56,905

For context, the median across 290 covered religion-related charities: $88.39 programs, $9.62 management, $1.99 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $31M

Contributions & grants (non-government)$1.30 $407K
Program service revenue$98.67 $31M
Investment income$0.03 $10,417

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 290 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	88.7%	86.0%
Management & general Part IX 25(C) ÷ 25(A)	11.1%	9.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.2%	1.9%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.14	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	1.3%	83.4%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	98.7%	2.3%
Highest reported compensation Part VII-A, columns D–F	$301,139	$276,040
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	1.02%	1.40%
People paid over $100,000 Part VII, line 2	11	4
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	1.9	12.7
Independent voting board members Part VI 1a–1b	9 of 9	90.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$26M expenses · 100.0% of program spending · grants $8,814 · revenue $31M

Approximately 2,112 chaplains provided chaplain and employee care to 1,602 companies at 6,354 locations representing over 414,266 company employees. The approximate number of employees and family members under an umbrella of compassion is just over 1.56 million people ministered to through our chaplain care service which is 24/7 nationwide

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
President/CEO Officer, 40.0 hrs/week	$250,511	$0	$50,628	$301,139
EVP Highest compensated employee, 40.0 hrs/week	$148,949	$0	$78,417	$227,366
Chief of Chaplains Key employee, 40.0 hrs/week	$166,337	$0	$59,749	$226,086
CHRO Officer, 40.0 hrs/week	$199,540	$0	$22,568	$222,108
Deputy COC Highest compensated employee, 40.0 hrs/week	$141,399	$0	$74,895	$216,294
CFO Start:11/4/24 Officer, 40.0 hrs/week	$53,852	$0	$0	$53,852

11 people received more than $100,000 in reportable compensation from Marketplace Ministries (Part VII, line 2). Compensation of current officers, directors and key employees totaled $742K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$31M	$29M	88.7%	$4.7M	$301,139
2023 ⓘ	$30M	$31M	87.7%	$2.5M	$334,201
2022 ⓘ	$27M	$27M	88.8%	$3.5M	$259,038
2021 ⓘ	$22M	$22M	87.1%	$4.0M	$191,642
2020 ⓘ	$20M	$19M	80.6%	$4.3M	$224,958
2019 ⓘ	$19M	$20M	81.5%	$4.1M	$324,294

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 51,685
Volunteers Part I, line 69

Private foundation grants it received

3 private foundations reported grants to Marketplace Ministries totaling $29,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Marketplace Ministries's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Marketplace Ministries, you can publish a response that is linked from this page.

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Similar-sized charities in this cause

Health Ministries Clinic
Newton, KS · revenue $31M · programs 91.6% · 2024
Tzur Foundation
Lakewood, NJ · revenue $32M · programs 94.1% · 2024
Bibleproject
Portland, OR · revenue $31M · programs 80.0% · FY2025
Christus Northeast Texas and Northern Louisiana Health System Corporation
Irving, TX · revenue $32M · programs 72.3% · FY2025
Word on Fire Catholic Ministries
Elk Grove Village, IL · revenue $31M · programs 54.8% · FY2025

Questions people ask

How much of Marketplace Ministries's spending goes to programs?

In calendar year 2024, Marketplace Ministries reported that 88.7% of its $29.4 million in expenses went to program services, 11.1% to management and general and 0.2% to fundraising (Form 990, Part IX).

How much does Marketplace Ministries pay its top executive?

The largest total compensation Marketplace Ministries reported for one person in calendar year 2024 was $301,139, for the role of President/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Marketplace Ministries get its money?

Of $31.4 million in revenue in calendar year 2024, 1.3% came from contributions and grants and 98.7% from program service revenue (Form 990, Part VIII).

Is Marketplace Ministries a registered charity?

The IRS lists EIN 75-1977793 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202533219349300523 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202413209349326371 · read the filing
2022: Form 990 for calendar year 2022, object 202303199349306945 · read the filing
2021: Form 990 for calendar year 2021, object 202233199349314943 · read the filing
2020: Form 990 for calendar year 2020, object 202132019349300783 · read the filing
2019: Form 990 for calendar year 2019, object 202041489349300014 · read the filing

All filings for EIN 75-1977793: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.