Filling His Nets Ministry

Analysis

Filling His Nets Ministry is a registered charity in United States, based in Mayfield, KY. It received its IRS tax-exemption ruling in May 2006, 20 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, Filling His Nets Ministry reported income of $71k and spending of $57k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $71k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Filling His Nets Ministry sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include Tree House Healing Ministry ($71k), Bible Believers Fellowship Church ($71k) and RPM Ministry Inc ($71k).

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 $244k against liabilities of $0, net assets of $244k.