Apostles of the Way

Analysis

Apostles of the Way is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Apostles of the Way reported income of $1.1m and spending of $619k, leaving 42% of income unspent that year. Across the 4 years on record, from March 2021 to March 2024, income grew from $353k to $1.1m (+202%), an average of +45% a year. The sharpest change came in the year to March 2022, when income rose by 217%. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Apostles of the Way sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Jewish Unity International Inc ($1.1m), Gospel Center Inc ($1.1m) and Midrash Bet Nassi MHHPT Inc ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $2.0m against liabilities of $251k, net assets of $1.8m.