Ancient Faith Ministries

Analysis

Ancient Faith Ministries is a registered charity in United States, based in Chesterton, IN. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ancient Faith Ministries reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.5m (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ancient Faith Ministries sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include International Commission Inc ($3.5m), Deeper Walk International Inc ($3.5m) and Firs Bible & Missionary Conference ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $148k (4.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.0m against liabilities of $202k, net assets of $1.8m. It reported 26 employees.