Prepare the Way Ministries

Analysis

Prepare the Way Ministries is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in August 2007, 19 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, Prepare the Way Ministries reported income of $67k and spending of $61k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $90k to $67k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Prepare the Way Ministries sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within CO. Charities of a similar size with the same main cause include Eruv of Columbus Inc ($67k), Love Never Fails Ministries ($67k) and Unity Church and Parsonage Fund ($67k).

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 $7,999 against liabilities of $0, net assets of $7,999.