Seg-Way Ministries

Analysis

Seg-Way Ministries is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2006, 20 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, Seg-Way Ministries reported income of $262k and spending of $275k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $262k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2020, when income dropped by 40%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Seg-Way Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Bint Jebail Cultural Center ($262k), Youth with a Mission-Nevada ($262k) and Adopt a Shadchan Corp ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% of the total. Compensation of current officers, directors and key employees was $16k (5.7% of expenses). Other salaries and wages came to $132k. At year end it held assets of $537k against liabilities of $729k, net assets of -$192k. It reported 19 employees.