Holding Forth the Word of Life Inc

Analysis

Holding Forth the Word of Life Inc is a registered charity in United States, based in Wrens, GA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holding Forth the Word of Life Inc reported income of $643k and spending of $552k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $570k to $643k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Holding Forth the Word of Life Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Christian Salvage Mission Inc ($643k), Cpde Ministries ($643k) and Spare a Dime Inc ($643k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $76k (14% of expenses). Other salaries and wages came to $184k. At year end it held assets of $3.0m against liabilities of $42k, net assets of $3.0m. It reported 15 employees.