Simple Faith Ministries Inc

Analysis

Simple Faith Ministries Inc is a registered charity in United States, based in Hixton, WI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Simple Faith Ministries Inc reported income of $137k and spending of $132k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $137k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Simple Faith Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within WI. Charities of a similar size with the same main cause include International Languages and Cultures in Progress ($137k), Just Mercy ($137k) and American Friends of Ohr Torah Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.