Lance Wallnau Ministries Inc

Analysis

Lance Wallnau Ministries Inc is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lance Wallnau Ministries Inc reported income of $3.7m and spending of $2.5m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.7m (+171%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lance Wallnau Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Catholic Foundation of Southeastern Massachusetts Inc ($3.7m), Serving USA Inc ($3.7m) and Lighthouse Baptist Church ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $447k (18% of expenses). Other salaries and wages came to $238k. At year end it held assets of $3.7m against liabilities of $23k, net assets of $3.7m. It reported 10 employees.