Jim Wood Ministries Inc

Analysis

Jim Wood Ministries Inc is a registered charity in United States, based in Sevierville, TN. It received its IRS tax-exemption ruling in July 1998, 28 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, Jim Wood Ministries Inc reported income of $313k and spending of $321k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $313k (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income rose by 23%. 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, Jim Wood Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Montview Foundation ($313k), Victory in Recovery ($313k) and Orden de San Benito Corp ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $275k (86% of expenses). Other salaries and wages came to $3,600. At year end it held assets of $307k against liabilities of $15k, net assets of $291k. It reported 2 employees.