Whetstone Ministries

Analysis

Whetstone Ministries is a registered charity in United States, based in Farmington, AR. It received its IRS tax-exemption ruling in February 2004, 22 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 2023, Whetstone Ministries reported income of $96k and spending of $92k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $156k to $96k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Whetstone Ministries sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within AR. Charities of a similar size with the same main cause include Haiti Joy Hope Inc ($96k), Al-Hira Community Center ($96k) and Life Under the Son Ministries Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $15k (16% of expenses). At year end it held assets of $296k against liabilities of $783, net assets of $295k. It reported 1 employees.