Gene Douglas by Faith Ministries

Analysis

Gene Douglas by Faith Ministries is a registered charity in United States, based in Laurel, MS. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Gene Douglas by Faith Ministries reported income of $106k and spending of $82k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $106k (+9.6%), an average of +9.6% a year. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gene Douglas by Faith Ministries sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within MS. Charities of a similar size with the same main cause include F a T Isaiah 58-10 Ministries ($106k), Celestial Temple of Peace & Universal Truth ($106k) and Crosstrek Ministries ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.