Suit Up Ministries

Analysis

Suit Up Ministries is a registered charity in United States, based in Magnolia, TX. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Suit Up Ministries reported income of $140k and spending of $143k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $140k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Suit Up Ministries sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Celestial Church of Christ-Rock of Ages Parish ($140k), Extreme Ministries Incorporated ($140k) and Ric Wright Ministries Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (20% of expenses). Other salaries and wages came to $18k. At year end it held assets of $7,861 against liabilities of $0, net assets of $7,861.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.