Sam Farina Ministries Inc

Analysis

Sam Farina Ministries Inc is a registered charity in United States, based in Osprey, FL. It received its IRS tax-exemption ruling in July 1980, 46 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, Sam Farina Ministries Inc reported income of $52k and spending of $150k, spending 290% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $168k to $52k (-69%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sam Farina Ministries Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include Al-Anon-Alateen North Jersey Information Services Inc ($52k), Ever-Green Friendship Inc ($52k) and Holy Trinity Drive Land Corporation ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $60k (40% of expenses). At year end it held assets of $295k against liabilities of $4,500, net assets of $290k. It reported 1 employees.