Firm Foundation Ministries Inc

Analysis

Firm Foundation Ministries Inc is a registered charity in United States, based in Shawnee, KS. It received its IRS tax-exemption ruling in June 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, Firm Foundation Ministries Inc reported income of $223k and spending of $182k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $396k to $223k (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Firm Foundation Ministries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KS. Charities of a similar size with the same main cause include Bethany Centre Alliance ($223k), Iglesia Cristiana LA Familia Inc ($223k) and U S a Shao Lin Temple Corp ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $48k (26% of expenses). Other salaries and wages came to $62k. At year end it held assets of $557k against liabilities of $175k, net assets of $382k.