Ex Nihilo Out of Nothing Inc

Analysis

Ex Nihilo Out of Nothing Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in May 2019, 7 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 December 2023, Ex Nihilo Out of Nothing Inc reported income of $474k and spending of $255k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $474k (+239%), an average of +239% a year. The sharpest change came in the year to December 2023, when income rose by 239%. Over the whole period it spent 58% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ex Nihilo Out of Nothing Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Chattanooga House of Prayer ($474k), Empowerment Ministries Inc ($474k) and My Fathers Reputation ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (16% of expenses). It paid $159 in professional fundraising fees. At year end it held assets of $331k against liabilities of $0, net assets of $331k.