Salt Ministries

Analysis

Salt Ministries is a registered charity in United States, based in Mears, MI. It received its IRS tax-exemption ruling in November 1981, 45 years ago. 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, Salt Ministries reported income of $355k and spending of $334k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $592k to $355k (-40%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salt Ministries sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include The Growing Concern Inc ($355k), Stage Center ($355k) and The San Jose Arena Authority ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $97k (29% of expenses). At year end it held assets of $241k against liabilities of $80k, net assets of $161k. It reported 2 employees.