Seekers Point Ministry

Analysis

Seekers Point Ministry is a registered charity in United States, based in Hammond, LA. It received its IRS tax-exemption ruling in June 2011, 15 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, Seekers Point Ministry reported income of $1.1m and spending of $968k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $1.1m (+167%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seekers Point Ministry sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Impacto Ministry Inc ($1.1m), Global Gospel Action Inc ($1.1m) and Emmanuel Chin Baptist Church ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $123k (13% of expenses). Other salaries and wages came to $180k. At year end it held assets of $3.7m against liabilities of $3.4m, net assets of $292k.