Far Corners Missions

Analysis

Far Corners Missions is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in July 2010, 16 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, Far Corners Missions reported income of $418k and spending of $723k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $418k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 131% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Far Corners Missions sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Parakaleo Ministry ($418k), New Life Global Ministries Inc ($418k) and Karen Dudley Ministries ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $69k (9.6% of expenses). Other salaries and wages came to $12k. At year end it held assets of $71k against liabilities of $4,955, net assets of $66k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.