Set Free Ministries

Analysis

Set Free Ministries is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in January 2000, 26 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, Set Free Ministries reported income of $3.9m and spending of $3.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.9m (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Set Free Ministries sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include South Hills Interfaith Ministries ($3.9m), Jewish Community Center of Ashville Inc ($3.9m) and Chicago Mezuzah and Mitzvah Campaign ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $142k (4.2% of expenses). Other salaries and wages came to $661k. At year end it held assets of $2.3m against liabilities of $457k, net assets of $1.9m. It reported 18 employees.