Sold Out Youth Ministries

Analysis

Sold Out Youth Ministries is a registered charity in United States, based in Southrn Shore, NC. It received its IRS tax-exemption ruling in April 2008, 18 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, Sold Out Youth Ministries reported income of $249k and spending of $244k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $249k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sold Out Youth Ministries sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Bharat Sevashram Sangha of North America Inc New Jersey ($249k), Search for the Trust Ministries ($250k) and Face It Ministries ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $135k. At year end it held assets of $29k against liabilities of $33k, net assets of -$3,821. It reported 2 employees.