Reconciliation Ministries SC

Analysis

Reconciliation Ministries SC is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 2004, 22 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 December 2022, Reconciliation Ministries SC reported income of $778k and spending of $653k, spending 84% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $896k to $778k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reconciliation Ministries SC sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Citizens Alliance for Progress Inc ($778k), Friends of Saturday Academy ($778k) and Henderson Haven Inc ($777k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $60k (9.3% of expenses). Other salaries and wages came to $184k. At year end it held assets of $2.3m against liabilities of $1.3m, net assets of $972k. It reported 11 employees.