Wayne Dorsett Ministries Inc

Analysis

Wayne Dorsett Ministries Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in December 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, Wayne Dorsett Ministries Inc reported income of $171k and spending of $143k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $267k to $171k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wayne Dorsett Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Schermerhorn Foundation Inc ($171k), Action Chapel Pennsylvania ($171k) and Restorationcity ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.