Unfoldingword

Analysis

Unfoldingword is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2004, 22 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, Unfoldingword reported income of $11.0m and spending of $10.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $11.0m (+159%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Unfoldingword sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Global Media Outreach ($11.0m), Honeymoon Israel Foundation Inc ($11.0m) and Praying Pelican Missions ($11.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $256k (2.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.0m against liabilities of $1.5m, net assets of $1.4m. It reported 31 employees.