SXMX Ministry Inc

Analysis

SXMX Ministry Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 2005, 21 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, SXMX Ministry Inc reported income of $60k and spending of $96k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $60k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 114% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, SXMX Ministry Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within KY. Charities of a similar size with the same main cause include Serve All Foundation ($60k), Bill Kaiser Ministries ($60k) and Jesus Christ Prison Ministry ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.