Sam Adeyemi Ministries Inc

Analysis

Sam Adeyemi Ministries Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2015, 11 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, Sam Adeyemi Ministries Inc reported income of $221k and spending of $225k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $266k to $221k (-17%), an average of -4.5% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sam Adeyemi Ministries Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Couples for Christ Metropolitan Washington DC Inc ($221k), First Baptist Church Denbigh Child Development Center ($221k) and Kids Court & Counseling Center ($221k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $77k (34% of expenses). At year end it held assets of $1,868 against liabilities of $17k, net assets of -$15k. It reported 2 employees.