World Impact Ministries Ltd
- Assets
- $22.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winchester, KY
- Founding
- 04/1986
- Data as of
- 07/2022
- 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 07/2022, World Impact Ministries Ltd generated $128.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $121.6k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 6 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
2022
Describe the Organization's Program Activity:
Part 3
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,012 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,352 |
| Total Revenue | $128,364 |
| 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 | $30,636 |
| Occupancy, rent, utilities, and maintenance | $9,280 |
| Printing, publications, postage, and shipping | $4,835 |
| Other expenses | $76,806 |
| Total expenses | $121,557 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,823 |
| Other assets | $0 |
| Total assets | $22,613 |
| Total liabilities | $8,808 |
| Net assets or fund balances | $13,805 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Impact Ministries Ltd has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Dallas Seminary Foundation Dallas, TX PURPOSE: General Support | $15,000 |
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|---|---|---|
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Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Barnabas Foundation Crete, IL | $428,082,293 | $83,271,055 |
United Faith Ministries Inc Norfolk, VA | $10,805,826 | $50,029,760 |
Gospel Light Mennonite Church Medical Aid Plan Canton, OH | $23,765,488 | $52,923,721 |
Answers In Genesis Inc Petersburg, KY | $94,175,549 | $47,216,237 |
Ministry Health Care Inc St Louis, MO | $291,511,056 | $25,156,032 |
Good News Publishers Wheaton, IL | $44,141,237 | $30,597,185 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
National Church Residences Foundation Columbus, OH | $124,164,884 | $10,642,562 |
Awana Clubs International St Charles, IL | $16,214,341 | $23,700,094 |
Lutheran Home Westlake, OH | $17,550,739 | $14,990,939 |