Foreverchanged Ministries Inc

Analysis

Foreverchanged Ministries Inc is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in August 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 June 2024, Foreverchanged Ministries Inc reported income of $51k and spending of $26k, leaving 48% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $37k to $51k (+37%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foreverchanged Ministries Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 25th percentile within SC. Charities of a similar size with the same main cause include Como Retreat Inc ($51k), Palms 23 Foundation ($51k) and Manger House Ministries ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 102% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.