Ark of God Inc

Analysis

Ark of God Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ark of God Inc reported income of $898k and spending of $553k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $544k to $898k (+65%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ark of God Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Franciscan Community Benefits Services Inc ($898k), Blessing to the Nations ($899k) and St Charles Borromeo Educationalfoundation ($898k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $189k (34% of expenses). At year end it held assets of $2.8m against liabilities of $1.8m, net assets of $1.1m.