Forgiven Ministry Inc

Analysis

Forgiven Ministry Inc is a registered charity in United States, based in Taylorsville, NC. It received its IRS tax-exemption ruling in June 2001, 25 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, Forgiven Ministry Inc reported income of $327k and spending of $419k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $513k to $327k (-36%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Forgiven Ministry Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Hilltop Renewal Center Inc ($327k), Wheat Mission in Atlanta Inc ($327k) and Mere Christianity Forum Inc ($327k).

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 $43k (10% of expenses). At year end it held assets of $709k against liabilities of $12k, net assets of $696k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.