Serving Our Neighbors Ministries Inc

Analysis

Serving Our Neighbors Ministries Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 2009, 17 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 August 2023, Serving Our Neighbors Ministries Inc reported income of $1.0m and spending of $944k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $539k to $1.0m (+86%), an average of +17% a year. The sharpest change came in the year to August 2020, when income rose by 65%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serving Our Neighbors Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Divine Touch Cila Homes NFP ($1.0m), Ray of Hope Cancer Foundation ($1.0m) and Falls Diverse Abilities Corporation ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $109k (12% of expenses). Other salaries and wages came to $535k. At year end it held assets of $968k against liabilities of $437k, net assets of $531k.