Forerunner Ministries Inc

Analysis

Forerunner Ministries Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Forerunner Ministries Inc reported income of $163k and spending of $115k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $163k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Forerunner Ministries Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include The Prayer Covenant Inc ($163k), Cities4kids ($163k) and Centro Cristiano Faro de Luz ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $51k against liabilities of $68, net assets of $51k.