Saint Martins Ministries

Analysis

Saint Martins Ministries is a registered charity in United States, based in Ridgely, MD. It received its IRS tax-exemption ruling in April 2014, 12 years ago. 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 July 2023, Saint Martins Ministries reported income of $1.0m and spending of $1.1m, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.3m to $1.0m (-20%), an average of -5.6% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Martins Ministries sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Northland Lutheran Housing for the Elderly Inc ($1.0m), Transcribing Mariners ($1.0m) and Christian Action Group Inc ($1.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $90k (8.2% of expenses). Other salaries and wages came to $328k. At year end it held assets of $513k against liabilities of $73k, net assets of $439k. It reported 25 employees.