Siloe Ministries Inc

Analysis

Siloe Ministries Inc is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Siloe Ministries Inc reported income of $107k and spending of $118k, spending 111% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $202k to $107k (-47%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Siloe Ministries Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include 360plus Foundation ($106k), Harmony Life International ($107k) and Zena Brand Launchpad ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $79k against liabilities of $727, net assets of $78k.