Reverence Ministries Inc

Analysis

Reverence Ministries Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Reverence Ministries Inc reported income of $262k and spending of $249k, spending 95% of its income. Across the 4 years on record, from September 2020 to September 2023, income fell from $265k to $262k (-0.8%), an average of -0.3% a year. The sharpest change came in the year to September 2022, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reverence Ministries Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Orthodox Hawaiian Iveron Icon Association ($262k), Steve Hemphill Ministries ($262k) and Global Banjara Baptist Ministries International Inc ($262k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (34% of expenses). Other salaries and wages came to $64k. At year end it held assets of $123k against liabilities of $0, net assets of $123k. It reported 4 employees.