Why Not Ministries

Analysis

Why Not Ministries is a registered charity in United States, based in Trenton, TN. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Why Not Ministries reported income of $160k and spending of $160k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $160k (+144%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Why Not Ministries sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Orphan Aid Society ($160k), Epicenter Foundation ($160k) and MRCS V Inc ($160k).

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 $10k (6.4% of expenses). Other salaries and wages came to $19k. At year end it held assets of $12k against liabilities of $7,353, net assets of $4,867.