My Daily Armor Ministries Inc

Analysis

My Daily Armor Ministries Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2013, 13 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, My Daily Armor Ministries Inc reported income of $70k and spending of $109k, spending 156% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $175k to $70k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 131% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, My Daily Armor Ministries Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include Alabaster House Incorporated ($70k), Arise & Shine Evangelistic Association Inc ($70k) and Discipleship in Unexpected Ways ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.