Overview
What is Word Of Faith Ministries Inc?
Word of Faith Ministries Inc., based in Eatonton, Georgia, is a nonprofit organization dedicated to promoting Christian missions. They achieve this goal by conducting Bible study groups, lecturing, and teaching in home churches and other religious institutions. Additionally, they utilize a radio ministry to spread their message further. The organization, with a small team of two employees, is committed to fostering spiritual growth and spreading the Christian faith through various educational and outreach programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Word Of Faith Ministries Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational and financial practices. The organization scored 67% overall, which reflects a mix of strong accountability measures and significant weaknesses in financial transparency and governance policies.
One of the nonprofit's strengths is its independent board structure, with all board members being independent and a favorable liabilities to assets ratio of 4.26%. Additionally, the organization has a perfect program expense ratio of 100%, indicating that all its expenses are directed toward its programs. However, the organization lacks critical financial governance policies, as evidenced by a score of 0 in areas such as conflict of interest, whistleblower, and document retention policies.
Despite its strong performance in some areas, the organization has significant gaps in financial transparency, highlighted by its failure to post financial statements and tax forms on its website. This lack of transparency raises questions about the organization’s accountability and could affect donor trust and support. Overall, while Word Of Faith Ministries Inc demonstrates strong programmatic commitment, it needs to address its governance and transparency issues to improve its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Word Of Faith Ministries Inc legitimate?
Word Of Faith Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Word Of Faith Ministries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $16,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,385
For more financial information, click here
What is the mission statement of Word Of Faith Ministries Inc?
Word of Faith Ministries Inc's mission is centered around promoting Christian missions. They accomplish this mission by engaging in various activities such as teaching, lecturing, and conducting Bible study groups in home churches and other places of worship. Additionally, the organization utilizes a radio ministry to spread its message and promote Christian values. Their mission is to support and uphold the principles of Christianity, fostering spiritual growth and unity among its followers.
Who is the CEO of Word Of Faith Ministries Inc?
Nseobong G Utuk is the President of Word Of Faith Ministries Inc.
What is the revenue of Word Of Faith Ministries Inc?
Word Of Faith Ministries Inc's revenue in 2022 was $1,187,329.
Who are the executives of Word Of Faith Ministries Inc and what are their salaries?
The average compensation at Word Of Faith Ministries Inc during 2022 was $13,192. There are 2 employees and 25 volunteers at Word Of Faith Ministries Inc.
Here are 10 key members and their salaries:
- Compensation: $100,000
- Related: $0
- Other: $118,373
- Compensation: $16,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Word Of Faith Ministries Inc?
Word Of Faith Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Word Of Faith Ministries Inc
Word of Faith Ministries Inc is dedicated to advancing Christian missions. This nonprofit organization achieves its mission by engaging in various activities. It conducts Bible study groups within home churches and other religious institutions. Additionally, Word of Faith Ministries Inc utilizes a radio ministry to spread its teachings and messages. Furthermore, the organization delves into lecturing, contributing to the dissemination of Christian beliefs and values. By participating in these undertakings, Word of Faith Ministries Inc plays a significant role in promoting Christian missions.
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Impact
July, 2024
Word Of Faith Ministries Inc's impact lies in its promotion of Christian missions through various channels. By engaging in teaching, lecturing, and conducting Bible study groups in churches as well as through a radio ministry, this organization actively spreads the message of faith and supports missionary work. Located in Eatonton, GA, Word Of Faith Ministries Inc plays a significant role in advancing the Christian faith and reaching out to communities in need of spiritual guidance.
This information is meant to be a general summary of Word Of Faith Ministries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $29
- Gross Receipts: $1,187,329
Assets and Liabilities:
- Total Assets: $1,463,377
- Total Liabilities: $62,600
- Net Assets: $1,400,777
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Organization Details
Founding Year
1990
Principal Officer
Nseobong G Utuk
Main Address
P O BOX 4676, EATONTON, GA, 31024
NTEE Category
Code: X21Z - Religion related
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