Sound Word Ministries Inc

Analysis

Sound Word Ministries Inc is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in September 2008, 18 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, Sound Word Ministries Inc reported income of $128k and spending of $125k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $128k (+4.3%), an average of +4.3% a year. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sound Word Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Living the Adventure Ministries Inc NFP ($128k), Plymouth Gathering ($128k) and Capitol Ambassadors Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.