Scofield Ministries

Analysis

Scofield Ministries is a registered charity in United States, based in Clifton, TX. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Scofield Ministries reported income of $69k and spending of $74k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $69k (-5.7%), an average of -5.7% a year. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Scofield Ministries sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within TX. Charities of a similar size with the same main cause include Refuge International Corporation ($69k), Richard Exley Ministries Inc ($69k) and Truth Trackers Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. At year end it held assets of $323k against liabilities of $730, net assets of $323k.