Project Latter Rain Ministries Corp

Analysis

Project Latter Rain Ministries Corp is a registered charity in United States, based in Taft, TN. It received its IRS tax-exemption ruling in January 2020, 6 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, Project Latter Rain Ministries Corp reported income of $597k and spending of $597k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $205k to $597k (+191%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Latter Rain Ministries Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Jewish Grandparents Network Inc ($597k), Islamic Society of Central Virginia ($598k) and Shuvu Banim Miami Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $338k against liabilities of $0, net assets of $338k.