Rick Webb Ministries

Analysis

Rick Webb Ministries is a registered charity in United States, based in Wheeler, MI. It received its IRS tax-exemption ruling in March 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rick Webb Ministries reported income of $380k and spending of $453k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $361k to $380k (+5.3%), an average of +5.3% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rick Webb Ministries sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Big Horn County Historical Society ($380k), Good Street Baptist Church Child ($380k) and Inquilinos Unidos ($380k).

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 $144k against liabilities of $32k, net assets of $112k.