Sharing the Light Ministries Inc

Analysis

Sharing the Light Ministries Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in July 2007, 19 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 June 2023, Sharing the Light Ministries Inc reported income of $183k and spending of $174k, spending 95% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $294k to $183k (-38%), an average of -21% a year. The sharpest change came in the year to June 2022, when income dropped by 43%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sharing the Light Ministries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Woodwise-Severna Park Elderly Hsing ($182k), Ambassador Network ($183k) and Apostolic Tabernacle Ministries ($182k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $1,346, net assets of $53k.