Latter Rain Ministries Inc

Analysis

Latter Rain Ministries Inc is a registered charity in United States, based in Litchfield, IL. It received its IRS tax-exemption ruling in February 2016, 10 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 2024, Latter Rain Ministries Inc reported income of $270k and spending of $213k, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $339k to $270k (-20%), an average of -4.5% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Latter Rain Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Community Kashrus of Greater Philadelphia ($270k), Fervent Fire Ministries Inc ($270k) and Bangladesh Christian Mission ($270k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. At year end it held assets of $1.4m against liabilities of $198k, net assets of $1.2m.