World Impact Ministries Ltd
- Assets
- $13.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, KY
- Founding
- 04/1986
- Data as of
- 07/2024
- EIN
- 16-1243611
Organization Overview
World Impact Ministries Ltd is located in Winchester, KY. The organization was established in 1986. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Impact Ministries Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2024, World Impact Ministries Ltd generated $100.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $109.1k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
0
0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Youngren President | 4 | $0 | |
Dean Morris Director | 1 | $0 | |
Jakob Wendesten Director | 1 | $0 | |
Peter Youngren President | 4 | $0 | |
Dean Morris Director | 1 | $0 | |
Jakob Wendesten Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,602 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $35 |
| Total Revenue | $100,637 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $31,867 |
| Occupancy, rent, utilities, and maintenance | $13,080 |
| Printing, publications, postage, and shipping | $17,552 |
| Other expenses | $46,588 |
| Total expenses | $109,087 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,838 |
| Other assets | $0 |
| Total assets | $13,608 |
| Total liabilities | $180 |
| Net assets or fund balances | $13,428 |