Farris Cox Ministries Inc

Analysis

Farris Cox Ministries Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in February 2000, 26 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 2022, Farris Cox Ministries Inc reported income of $139k and spending of $130k, spending 93% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $110k to $139k (+26%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Farris Cox Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Intentional Marriage Inc ($139k), David Young Evangelistic Association Inc ($139k) and Peace House Ministries ($139k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $1,170, net assets of $20k.