Rich Family Ministries

Analysis

Rich Family Ministries is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2023, 3 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, Rich Family Ministries reported income of $152k and spending of $161k, spending 106% of what it took in. The sharpest change came in the year to December 2022, when income rose by 946%. Over the whole period it spent 135% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rich Family Ministries sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within LA. Charities of a similar size with the same main cause include Vallabh Pushti Samaj of Carolinas ($152k), Convoy of Hope Foundation ($152k) and Ministerio Internacional Puerta Del Cielo a NJ Non Profit Corporation ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $393 against liabilities of $4,384, net assets of -$3,991.