Preparing the Way Ministries Inc

Analysis

Preparing the Way Ministries Inc is a registered charity in United States, based in New Holland, PA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Preparing the Way Ministries Inc reported income of $289k and spending of $326k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $257k to $289k (+12%), an average of +12% a year. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Preparing the Way Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Palabra Publications Inc ($289k), Worshipers of the King Ministries Assembly of God ($289k) and Living Water Christian Ministries Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $87k. At year end it held assets of $2,411 against liabilities of $7,911, net assets of -$5,500. It reported 3 employees.