World Wide Spanish Literature Ministry Inc

Analysis

World Wide Spanish Literature Ministry Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in May 1964, 62 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 June 2023, World Wide Spanish Literature Ministry Inc reported income of $234k and spending of $226k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $259k to $234k (-9.8%), an average of -2.6% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, World Wide Spanish Literature Ministry Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Dave Walker Ministries International ($234k), Care and Share Mentoring Inc ($234k) and Real Clear Daf Inc ($234k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $18k (8.1% of expenses). Other salaries and wages came to $106k. At year end it held assets of $618k against liabilities of $3,253, net assets of $615k. It reported 4 employees.