Word Ministries Inc

Analysis

Word Ministries Inc is a registered charity in United States, based in Good Hope, GA. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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 2022, Word Ministries Inc reported income of $132k and spending of $156k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $68k to $132k (+95%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Word Ministries Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within GA. Charities of a similar size with the same main cause include Valley Charities Inc ($132k), West Forsyth Athletic Booster Club Inc ($132k) and Friends of the Santa Rosa Libraries ($132k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% of the total. Other salaries and wages came to $55k. At year end it held assets of $201k against liabilities of $0, net assets of $201k. It reported 2 employees.