Speaking Spirit Ministriesinternational Inc

Analysis

Speaking Spirit Ministriesinternational Inc is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in October 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 (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, Speaking Spirit Ministriesinternational Inc reported income of $5.6m and spending of $4.0m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $5.6m (+109%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Speaking Spirit Ministriesinternational Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Doulos Ministries Inc ($5.6m), Clearshare Health ($5.6m) and World Bible School Incorporated ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $180k (4.5% of expenses). Other salaries and wages came to $992k. At year end it held assets of $9.5m against liabilities of $3.2m, net assets of $6.3m.