Walking by Faith Ministries Inc

Analysis

Walking by Faith Ministries Inc is a registered charity in United States, based in Mint Hill, NC. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Walking by Faith Ministries Inc reported income of $186k and spending of $61k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $202k to $186k (-8.1%), an average of -8.1% a year. Over the whole period it spent 31% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Walking by Faith Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Kingdom Destiny Ministries International ($186k), Figli Di San Gennaro Inc ($186k) and Go Drill International Inc ($186k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.1m against liabilities of $415k, net assets of $727k.