Holy Souls Ministry

Analysis

Holy Souls Ministry is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2013, 13 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 2023, Holy Souls Ministry reported income of $84k and spending of $114k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $197k to $84k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holy Souls Ministry sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within PA. Charities of a similar size with the same main cause include Findingbalance Inc ($84k), Greg Lindmark Foundation ($84k) and Manna Outreach Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.