Word of Faith Christian Ministries Inc

Analysis

Word of Faith Christian Ministries Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Word of Faith Christian Ministries Inc reported income of $188k and spending of $163k, spending 87% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $204k to $188k (-8.1%), an average of -4.1% a year. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Word of Faith Christian Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Broken Arrow Catholic Radio Inc ($188k), Guidance Center NFP ($188k) and Biblical Leadership for Excellence Inc ($188k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $283k against liabilities of $0, net assets of $283k.