Nathan Smith Ministries

Analysis

Nathan Smith Ministries is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nathan Smith Ministries reported income of $868k and spending of $797k, spending 92% of its income. Across the 2 years on record, from December 2019 to December 2023, income fell from $1.3m to $868k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nathan Smith Ministries sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Camp Tapawingo Inc ($868k), Building Blocks Ministries Inc ($868k) and Sri Sai Baba Temple Society of Ohio ($867k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $158k. At year end it held assets of $725k against liabilities of $13k, net assets of $711k.