Walking by Faith Ministry Inc

Analysis

Walking by Faith Ministry Inc is a registered charity in United States, based in Moundville, AL. It received its IRS tax-exemption ruling in October 2001, 25 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, Walking by Faith Ministry Inc reported income of $356k and spending of $22k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $356k (+867%), an average of +868% a year. The sharpest change came in the year to December 2023, when income rose by 867%. Over the whole period it spent 5.6% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Walking by Faith Ministry Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Friends of Mosdot Nahalat Ytzhaq Inc ($356k), Vietnamese Eucharistic Youth Society in the United States of Am ($356k) and Kingdom Acts Ministries International ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 6.2% of the total. At year end it held assets of $796k against liabilities of $0, net assets of $796k.