Wings of Faith Ministries Inc

Analysis

Wings of Faith Ministries Inc is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in August 1980, 46 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Wings of Faith Ministries Inc reported income of $62k and spending of $76k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $62k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 296%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wings of Faith Ministries Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Independent Apostolic Assembly ($62k), PTA California Congress of Parents Teachers & Students Inc ($62k) and College Womans Club of Westfield ($62k).

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 $135k against liabilities of $0, net assets of $135k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.