Rhema Ministry

Analysis

Rhema Ministry is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Rhema Ministry reported income of $932k and spending of $709k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $687k to $932k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rhema Ministry sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Me Ohr Bais Yaakov Inc ($932k), Big Canyon Ranch Inc ($933k) and Westminster Woods Camp and Retreat Center Inc ($932k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $115k (16% of expenses). Other salaries and wages came to $58k. At year end it held assets of $2.8m against liabilities of $1,540, net assets of $2.8m. It reported 6 employees.