The Word of Faith Ministries Inc

Analysis

The Word of Faith Ministries Inc is a registered charity in United States, based in Eatonton, GA. It received its IRS tax-exemption ruling in April 1991, 35 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, The Word of Faith Ministries Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $806k to $1.1m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Word of Faith Ministries Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Missionary Air Group Inc ($1.1m), Bible Basics International Inc ($1.1m) and Oak Hill Fellowship Center Inc ($1.1m).

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 $16k (1.4% of expenses). Other salaries and wages came to $61k. At year end it held assets of $1.4m against liabilities of $31k, net assets of $1.4m. It reported 4 employees.