Rhyme & Reason Ministry Inc

Analysis

Rhyme & Reason Ministry Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in April 2014, 12 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, Rhyme & Reason Ministry Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $442k to $1.3m (+188%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rhyme & Reason Ministry Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Hand N Hand Outreach NFP ($1.3m), Iglesia Bethel Ministries Inc ($1.3m) and Christian Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $86k (6.7% of expenses). Other salaries and wages came to $901k. At year end it held assets of $906k against liabilities of $662k, net assets of $244k. It reported 82 employees.