Soul Purpose Ministries

Analysis

Soul Purpose Ministries is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Soul Purpose Ministries reported income of $175k and spending of $119k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $41k to $175k (+332%), an average of +108% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Soul Purpose Ministries 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 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Miracle Word Ministries ($175k), Ron Degarde Ministries Inc ($175k) and Pastors to Prisoners ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $15k (13% of expenses). Other salaries and wages came to $9,000. At year end it held assets of $227k against liabilities of $62k, net assets of $166k. It reported 2 employees.