Richard Pearson Ministries Inc

Analysis

Richard Pearson Ministries Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in July 1996, 30 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).

In the financial year ending December 2023, Richard Pearson Ministries Inc reported income of $393k and spending of $530k, spending 135% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $431k to $393k (-8.7%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Richard Pearson Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Journey Counseling Ministries Inc ($393k), Holy Family Radio ($393k) and Faithx Project Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.3% of the total. At year end it held assets of $1.1m against liabilities of $1.0m, net assets of $22k.