Soulchoice Ministries Inc

Analysis

Soulchoice Ministries Inc is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. 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, Soulchoice Ministries Inc reported income of $184k and spending of $189k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $163k to $184k (+13%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soulchoice Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Ridgeway Free Library Assoc ($184k), College of Missionary Aviation Inc ($184k) and Skytown Preschool Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $83k (44% of expenses). At year end it held assets of $177k against liabilities of $6,236, net assets of $171k. It reported 1 employees.