A Better Way Ministries Inc

Analysis

A Better Way Ministries Inc is a registered charity in United States, based in Peachtree Cty, GA. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, A Better Way Ministries Inc reported income of $4.5m and spending of $3.0m, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $4.2m to $4.5m (+6.5%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, A Better Way Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Haven of Rest Ministries Inc ($4.5m), We Build Concord ($4.5m) and 1650 BLHC Services Corp ($4.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% of the total. Other salaries and wages came to $694k. At year end it held assets of $10.0m against liabilities of $1.9m, net assets of $8.1m. It reported 34 employees.