Watch Therefore Ministries Inc

Analysis

Watch Therefore Ministries Inc is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in February 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 2023, Watch Therefore Ministries Inc reported income of $1.2m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $792k to $1.2m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Watch Therefore Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Dominican Fathers & Brothers Province of Nigeria Inc ($1.2m), Congregation Rodfek Zedek Inc ($1.2m) and Disciplenations Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (9.2% of expenses). Other salaries and wages came to $23k. At year end it held assets of $152k against liabilities of $587, net assets of $151k. It reported 2 employees.

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.