Abiding Word Ministries

Analysis

Abiding Word Ministries is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in January 1985, 41 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, Abiding Word Ministries reported income of $120k and spending of $133k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $120k (-8.2%), an average of -8.2% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Abiding Word Ministries sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Friends of the Bosler Free Library ($120k), Lake Chelan Historical Society Inc ($120k) and South Wedge Planning Committee ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $390k against liabilities of $0, net assets of $390k.