Spiritus Ministries Inc

Analysis

Spiritus Ministries Inc is a registered charity in United States, based in Menasha, WI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Spiritus Ministries Inc reported income of $839k and spending of $848k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $720k to $839k (+17%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spiritus Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WI. Charities of a similar size with the same main cause include American Wheat Mission Inc ($839k), Palmetto Citizens Against Sexual Assault ($839k) and Freedom Farm Ministries ($839k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $70k (8.3% of expenses). Other salaries and wages came to $392k. At year end it held assets of $1.7m against liabilities of $24k, net assets of $1.7m. It reported 41 employees.