Gods Way Ministries Inc

Analysis

Gods Way Ministries Inc is a registered charity in United States, based in Riverton, IL. It received its IRS tax-exemption ruling in October 1977, 49 years ago. 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, Gods Way Ministries Inc reported income of $131k and spending of $146k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $131k (+3.4%), an average of +3.4% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gods Way Ministries Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Two Hundred Club of Union County 302 E Broad St ($131k), Little League Baseball Inc ($131k) and Ohio High School Fast Pitch Softball Coaches Association ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.