Simple Ministries of Asia

Analysis

Simple Ministries of Asia is a registered charity in United States, based in Irmo, SC. It received its IRS tax-exemption ruling in July 2014, 12 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, Simple Ministries of Asia reported income of $127k and spending of $128k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $127k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Simple Ministries of Asia sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include Friends of Ramanas Garden Inc ($127k), Hali Project Inc ($127k) and Japanese Association of Toledo ($126k).

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 $8 against liabilities of $0, net assets of $8.