Fellowship of Worship Artists

Analysis

Fellowship of Worship Artists is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 1997, 29 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Fellowship of Worship Artists reported income of $166k and spending of $162k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $388k to $166k (-57%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fellowship of Worship Artists sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include Jewel David Ministries ($166k), Stamford Library ($166k) and Area Progress Council of Warren County Inc ($166k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 0.7% and program service revenue 74% of the total. At year end it held assets of $159k against liabilities of $12k, net assets of $147k.