Joe Sneed Ministries Inc

Analysis

Joe Sneed Ministries Inc is a registered charity in United States, based in Soddy Daisy, TN. It received its IRS tax-exemption ruling in September 2001, 25 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, Joe Sneed Ministries Inc reported income of $293k and spending of $295k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $293k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Joe Sneed Ministries Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Hispanics for Christ ($293k), Sikh Community Gurdwara - Los Angeles ($293k) and Bought Beautifully ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $81k (27% of expenses). At year end it held assets of $291k against liabilities of $37k, net assets of $253k. It reported 2 employees.