Send56 Ministry Inc

Analysis

Send56 Ministry Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2022, Send56 Ministry Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $728k to $1.1m (+48%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Send56 Ministry Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Caring Hands Special Needs Care Inc ($1.1m), Thurman Brisben Homeless Shelter Inc ($1.1m) and Long Beach Center for Economic Inclusion ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (8.8% of expenses). Other salaries and wages came to $375k. At year end it held assets of $202k against liabilities of $660, net assets of $201k. It reported 13 employees.