Sound Reasoning Ministries Inc

Analysis

Sound Reasoning Ministries Inc is a registered charity in United States, based in Elk Grove, CA. It received its IRS tax-exemption ruling in January 2012, 14 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, Sound Reasoning Ministries Inc reported income of $194k and spending of $214k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $194k (+160%), an average of +160% a year. The sharpest change came in the year to December 2023, when income rose by 160%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sound Reasoning Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include The Holy Orthodox Order of Saint George the Great Martyr Inc ($194k), Power4life Ministries ($194k) and Hillel at the Claremont Colleges ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.