South Asian Ministries Ltd

Analysis

South Asian Ministries Ltd is a registered charity in United States, based in New Berlin, WI. It received its IRS tax-exemption ruling in April 1992, 34 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 2022, South Asian Ministries Ltd reported income of $126k and spending of $217k, spending 172% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $288k to $126k (-56%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Asian Ministries Ltd sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within WI. Charities of a similar size with the same main cause include Rockford Sports Boosters ($126k), Suffolk County Village Officialsassociation Inc ($126k) and PTA Texas Congress ($126k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.