Straight Path Ministries Inc

Analysis

Straight Path Ministries Inc is a registered charity in United States, based in Hawthorne, NJ. It received its IRS tax-exemption ruling in August 1994, 32 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 December 2023, Straight Path Ministries Inc reported income of $84k and spending of $66k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $84k (+11%), an average of +11% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Straight Path Ministries Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within NJ. Charities of a similar size with the same main cause include United Soccer of Auburn Inc ($84k), Adams Town & Country Recreation Corporation ($84k) and China Alley Preservation Society ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $214k against liabilities of $0, net assets of $214k.