Greater Sonora Missionary Baptist Church Soaring Eagle Ministries

Analysis

Greater Sonora Missionary Baptist Church Soaring Eagle Ministries is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Greater Sonora Missionary Baptist Church Soaring Eagle Ministries reported income of $299k and spending of $299k, spending 100% of its income. Across the 4 years on record, from December 2018 to June 2021, income fell from $545k to $299k (-45%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Greater Sonora Missionary Baptist Church Soaring Eagle Ministries 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 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Nation Builders Foundation ($299k), Bosnian American Association Inc ($299k) and Christ on Campus ($299k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (22% of expenses). Other salaries and wages came to $73k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.