Rapid Ministries Inc

Analysis

Rapid Ministries Inc is a registered charity in United States, based in Douglass, KS. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Rapid Ministries Inc reported income of $104k and spending of $68k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $104k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 47% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Rapid Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within KS. Charities of a similar size with the same main cause include Lumberton Fire Company No 1 ($104k), Grand Rapids Police Foundation ($104k) and Wallisville Volunteer Fire Department Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.