Set Free Prison Ministries Inc

Analysis

Set Free Prison Ministries Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in November 1974, 52 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, Set Free Prison Ministries Inc reported income of $327k and spending of $319k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $327k (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Set Free Prison Ministries Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Lewis County Building Commission ($327k), Byron Dorgan Youth Wellness Center ($327k) and Live Love Animal Services Incorporated ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $109k (34% of expenses). At year end it held assets of $65k against liabilities of $1,665, net assets of $63k. It reported 3 employees.