Foreknown Ministries

Analysis

Foreknown Ministries is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Foreknown Ministries reported income of $110k and spending of $119k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $110k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foreknown Ministries sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within CO. Charities of a similar size with the same main cause include Rose Court ($110k), New Beginnings Ministries of Wabash County Inc ($111k) and Fortunate Blessings Foundation Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.