Samaritan Incorporated

Analysis

Samaritan Incorporated is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Samaritan Incorporated reported income of $3.8m and spending of $5.0m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.8m (+9.4%), an average of +2.3% a year. Over the whole period it spent 134% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Samaritan Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include 1231-1235 Good Hope Road Inc ($3.8m), Workforce Development Council Board ($3.8m) and Sanatoga Ridge Community Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 93% of the total. Other salaries and wages came to $189k. At year end it held assets of $11.7m against liabilities of $6.0m, net assets of $5.7m.

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.