Street Life Ministries

Analysis

Street Life Ministries is a registered charity in United States, based in Castle Hayne, NC. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Street Life Ministries reported income of $428k and spending of $456k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $428k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Street Life Ministries sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Jewish Womens Club Inc ($428k), Relationships for Christ Ministries Inc ($428k) and Pete Norris Ministries Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $89k (20% of expenses). Other salaries and wages came to $30k. At year end it held assets of $753k against liabilities of $226k, net assets of $527k. It reported 3 employees.