Samaritan Ministries Inc

Analysis

Samaritan Ministries Inc is a registered charity in United States, based in Pocomoke City, MD. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Samaritan Ministries Inc reported income of $312k and spending of $279k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $232k to $312k (+34%), an average of +7.7% a year. The sharpest change came in the year to September 2022, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Samaritan Ministries Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Friends of the Southwest Virginia Museum Historical State Park ($312k), Bruce and Marsha Moskowitz Foundation Inc ($312k) and Central Arkansas Sphinx Foundation ($312k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (20% of expenses). Other salaries and wages came to $96k. At year end it held assets of $274k against liabilities of $2,106, net assets of $271k. It reported 5 employees.