Deepstream Ministries Inc

Analysis

Deepstream Ministries Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Deepstream Ministries Inc reported income of $848k and spending of $882k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $450k to $848k (+89%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deepstream Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Workforce Chaplains LLC ($848k), Sanctum House Inc ($848k) and Access Health Plus Inc ($848k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Other salaries and wages came to $296k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 2 employees.