Rose of Sharon Faith Ministries

Analysis

Rose of Sharon Faith Ministries is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Rose of Sharon Faith Ministries reported income of $937k and spending of $652k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income fell from $1.1m to $937k (-11%), an average of -11% a year. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Rose of Sharon Faith Ministries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NV. Charities of a similar size with the same main cause include Hindu Temple Ltd ($936k), Full Count Ministries ($938k) and Elevate Inc ($936k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $581k. At year end it held assets of $1,000 against liabilities of $1,000, net assets of $0. It reported 8 employees.