Straightway Ministry Inc

Analysis

Straightway Ministry Inc is a registered charity in United States, based in Athens, TN. It received its IRS tax-exemption ruling in October 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 December 2023, Straightway Ministry Inc reported income of $211k and spending of $235k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $254k to $211k (-17%), an average of -8.8% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Straightway Ministry Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include New Covenant Christ Church ($211k), Crossroads Cathedral Church Inc ($211k) and Wat Nirodharangsee ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $81k. At year end it held assets of $397k against liabilities of $256k, net assets of $140k. It reported 6 employees.