Better Way Ministries

Analysis

Better Way Ministries is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 2015, 11 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 August 2023, Better Way Ministries reported income of $1.3m and spending of $1.6m, spending 127% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $1.5m to $1.3m (-17%), an average of -17% a year. The sharpest change came in the year to August 2023, when income dropped by 17%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Better Way Ministries 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 OH. Charities of a similar size with the same main cause include Lewes-Rehoboth Association of Churches Inc ($1.3m), International Gospel Outreach ($1.3m) and Davenant Institute Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $154k (9.6% of expenses). Other salaries and wages came to $475k. At year end it held assets of $944k against liabilities of $833k, net assets of $111k. It reported 17 employees.