Stand Firm World Ministries Inc

Analysis

Stand Firm World Ministries Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in September 2002, 24 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 2022, Stand Firm World Ministries Inc reported income of $173k and spending of $200k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $287k to $173k (-40%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Stand Firm World Ministries Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Fort Owen Ranch Foundation ($173k), Downtown Church of Christ ($173k) and House of Prayer Iglesia Casa de Oracion de Aic ($173k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $397k against liabilities of $364k, net assets of $33k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.