Good Word Ministries Inc

Analysis

Good Word Ministries Inc is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in March 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, Good Word Ministries Inc reported income of $65k and spending of $61k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $65k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. 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, Good Word Ministries Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Ministerio de Restauracion ($65k), Project 58 ($65k) and Transformed by Love Ministries ($65k).

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 $6,451 against liabilities of $0, net assets of $6,451.