Sonrays Ministries Inc

Analysis

Sonrays Ministries Inc is a registered charity in United States, based in Tonawanda, NY. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Sonrays Ministries Inc reported income of $478k and spending of $277k, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $255k to $478k (+87%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sonrays Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Couples a Marriage Ministry ($478k), Canine Assisted Therapy Inc ($478k) and Gulfstream Park Thoroughbred After Racing Program Inc ($478k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). Other salaries and wages came to $85k. At year end it held assets of $751k against liabilities of $6,173, net assets of $745k. It reported 12 employees.