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Florida · Nonprofit

Founders Ministries Inc

Founders Ministries Inc (Florida) receives grants from 9 organizations whose IRS filings report $1,319,028 to it, the largest being AMERICAN GIFT FUND ($644,372). 3 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$1.4M
Funders on record
9
Grants received
$1.3M
Net assets
$1.2M
3/9 repeat funderspeak grant-dependency 17%
01What it does

What Founders Ministries Inc does

Mission

Proclaim the gospel of jesus christ through a ministry of teaching and encouragement promoting both doctrine and devotion expressed in the doctrines of grace and their experiential application to the local church, particularly in the areas of worship and witness.

As stated on its FY2024 Form 990.

Programs

  1. General and back end program service costs split across multiple core service areas.

    $473,344 spent
    30% of program spending
  2. Founders publications sold on subscription basis and direct sales of books, cds & dvds. A weekly podcast is also available.

    $418,462 spent$395,714 earned by the program
    27% of program spending
  3. Study center provided courses, resources, and training materials for those in ministry or pursuing the ministry of the gospel.

    $360,642 spent$36,550 earned by the program
    23% of program spending
  4. National & regional conferences - provided support for two regional conferences and maintained exhibits at three national conferences.

    $325,357 spent$230,075 earned by the program
    21% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,577,805.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($234k) Expenses 100 ($193k) Net assets 100 ($270k)2018 Revenue 83 ($195k) Expenses 79 ($153k) Net assets 112 ($304k)2019 Revenue 159 ($372k) Expenses 179 ($344k) Net assets 126 ($341k)2020 Revenue 432 ($1.0M) Expenses 221 ($426k) Net assets 345 ($933k)2021 Revenue 595 ($1.4M) Expenses 533 ($1.0M) Net assets 483 ($1.3M)2022 Revenue 613 ($1.4M) Expenses 586 ($1.1M) Net assets 569 ($1.5M)2023 Revenue 728 ($1.7M) Expenses 750 ($1.4M) Net assets 662 ($1.8M)2024 Revenue 589 ($1.4M) Expenses 1014 ($2.0M) Net assets 451 ($1.2M)
'17'18'19'20'21'22'23'24
Revenue (589)Expenses (1014)Net assets (451)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $343k to $935k (+173%).

$271k
$305k
$343k
$935k
$1.3M
$1.6M
$1.9M
$1.3M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$41k
’17
$42k
’18
$27k
’19
$585k
’20
$364k
’21
$302k
’22
$257k
’23
−$579k
’24
6.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Chris Faro

Exec. Director

Board chair

Travis Allen

Chairman

As listed on its FY2024 Form 990.

2017201920202021202220232024
Listed8765689
Joined··+3+0+1+3+1
No longer listed··41010
03Who funds it

Who funds it, year by year

2019 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $13k → $261k.

7 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Founders Ministries Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Founders Ministries Inc leans on a few funders — its largest provides 49% of grant income and the top three 93%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Founders Ministries Inc.

49%
largest funder
93%
top three
~2
effective funders

Largest funder’s share by year: 2019 100% · 2020 100% · 2021 94% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of Founders Ministries Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $6k that is directly attributable, 84% of it comes from funders outside Florida, across 2 states.

MO
FL

Funder states come from each funder’s own filing. $1.3M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Government funding Founders Ministries Inc receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $468 on record.

State$468
Top programs
  • REFUNDS - GENERAL $468

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like Founders Ministries Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

81% of spending goes to programs.

Program 81%Management 19%Fundraising 0%

Governance

7
board members
86%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

96%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for Founders Ministries Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Founders Ministries Inc?
Founders Ministries Inc (Florida) receives grants from 9 organizations whose IRS filings report $1,319,028 to it, the largest being AMERICAN GIFT FUND ($644,372). 3 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does Founders Ministries Inc have?
IRS filings report 9 organizations giving $1,319,028 in grants to Founders Ministries Inc, 3 of which have funded it in more than one year.
Who is the largest funder of Founders Ministries Inc?
AMERICAN GIFT FUND is the largest funder on record, with $644,372 in grants. The full list of funders is on this page.
How can an organization like Founders Ministries Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Founders Ministries →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing