Wer1 Ministries Inc

Analysis

Wer1 Ministries Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Wer1 Ministries Inc reported income of $101k and spending of $118k, spending 117% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $119k to $101k (-15%), an average of -15% a year. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wer1 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 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Joyful Mission ($101k), St John of the Cross Academy ($101k) and Chinese Church Support Ministries U S a Inc ($101k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 161% of the total. At year end it held assets of $1 against liabilities of $17k, net assets of -$17k.