Door of Faith Ministries Inc

Analysis

Door of Faith Ministries Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Door of Faith Ministries Inc reported income of $1.5m and spending of $1.6m, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $915k to $1.5m (+60%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Door of Faith Ministries Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Pontiac Community Foundation Inc ($1.5m), The Nacs Foundation ($1.5m) and Assisting Lives in Las Vegas ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $248k. At year end it held assets of $152k against liabilities of $0, net assets of $152k.