Sufficiency of Scripture Ministries

Analysis

Sufficiency of Scripture Ministries is a registered charity in United States, based in Montgomery, TX. It received its IRS tax-exemption ruling in February 2013, 13 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 June 2023, Sufficiency of Scripture Ministries reported income of $2.6m and spending of $2.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.6m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Sufficiency of Scripture Ministries sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include International Children Assistance Network Inc ($2.6m), Just Vision Inc ($2.6m) and University of Guam Endowment Foundation Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (4.5% of expenses). Other salaries and wages came to $328k. At year end it held assets of $1.7m against liabilities of $324, net assets of $1.7m. It reported 9 employees.