Servants of the Word Inc

Analysis

Servants of the Word Inc is a registered charity in United States, based in Glens Falls, NY. It received its IRS tax-exemption ruling in September 1978, 48 years ago. 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 September 2023, Servants of the Word Inc reported income of $3.1m and spending of $2.9m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $3.1m (+152%), an average of +26% a year. The sharpest change came in the year to September 2021, when income rose by 112%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Servants of the Word Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Harrison Volunteer Ambulance Corps Inc ($3.1m), Delaware Center for Homeless Veterans Inc ($3.1m) and Boys and Girls Club of Brazoria County ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $114k (3.9% of expenses). Other salaries and wages came to $594k. At year end it held assets of $4.6m against liabilities of $976k, net assets of $3.6m. It reported 41 employees.