It most certainly does not.
Here is an excerpt dealing with that specific title from the Equal Employment Opportunity Commission website, www.eeoc.gov:
The exception basically allows religious organizations to hire preferentially based on religious views (e.g. a Catholic organization wanting to hire Catholics).
So I pose my question to you again: Do you think a religious organization should be allowed to discriminate based on sex, age, race, or disability?
It most certainly does.
Indeed a “ministerial exception” bars Title VII claims by employees who serve in clergy roles.
Who defines who and what is a "clergy role"?
The religion.
They can thus exclude anyone they want from that position, which can be as broad based as they care to make it.
Then of course religious organizations are permitted to give employment preference to members of their own religion, and since a religion gets to control who is a member and can interview sufficient people for any position until a member of their religion applies, they indeed can effectively give employment preference to whomever they want.