Freeway Ministries Inc

Analysis

Freeway Ministries Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in March 2017, 9 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, Freeway Ministries Inc reported income of $1.7m and spending of $1.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $1.7m (+248%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 67% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Freeway Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Self Enquiry Life Fellowship ($1.7m), Sri Venkateswara Temple and Cultural Center Inc ($1.7m) and Lightbearers Ministries International Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $79k (5.4% of expenses). Other salaries and wages came to $180k. At year end it held assets of $2.4m against liabilities of $233k, net assets of $2.1m. It reported 13 employees.