Samaritan Ministries of Hot Springs Inc

Analysis

Samaritan Ministries of Hot Springs Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Samaritan Ministries of Hot Springs Inc reported income of $405k and spending of $388k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $431k to $405k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Samaritan Ministries of Hot Springs Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within AR. Charities of a similar size with the same main cause include Kings Academy Childhood Enrichment Center Inc ($405k), Healthy Families Happy Families ($405k) and Nurture Place Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $182k. At year end it held assets of $2.1m against liabilities of $4,354, net assets of $2.1m. It reported 9 employees.