Forgiveness Ministries Inc

Analysis

Forgiveness Ministries Inc is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forgiveness Ministries Inc reported income of $114k and spending of $110k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $114k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Forgiveness Ministries Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Straight 2 the Heart Inc ($114k), Dan Schall Ministries ($114k) and Redemption Blood of Jesus Christ World Outreach Ministries Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. At year end it held assets of $6,707 against liabilities of $11k, net assets of -$4,427.