Rhema Corporation Inc

Analysis

Rhema Corporation Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rhema Corporation Inc reported income of $172k and spending of $172k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $172k (+2.1%), an average of +2.1% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rhema Corporation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Zworks ($172k), Burge Bird Rescue ($172k) and Communities in Schools of Lexington Inc ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8,918 against liabilities of $0, net assets of $8,918.