Justfaith Ministries Inc

Analysis

Justfaith Ministries Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 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, Justfaith Ministries Inc reported income of $633k and spending of $922k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $633k (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Justfaith Ministries Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include Tyndale Bible Translators ($633k), Christian Life Resources Inc ($633k) and Centro de Oracion Mundial Emanuel Inc ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $121k (13% of expenses). Other salaries and wages came to $422k. At year end it held assets of $522k against liabilities of $130k, net assets of $392k. It reported 11 employees.