Southern Reconciliation Ministries Inc

Analysis

Southern Reconciliation Ministries Inc is a registered charity in United States, based in Burnsville, NC. It received its IRS tax-exemption ruling in February 1984, 42 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 September 2023, Southern Reconciliation Ministries Inc reported income of $394k and spending of $393k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $308k to $394k (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2020, when income rose by 124%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Reconciliation Ministries Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Imara International ($394k), Dentists Donating Smiles to Oklahomans Inc ($394k) and Good Street Inc ($394k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $85k (22% of expenses). Other salaries and wages came to $57k. At year end it held assets of $729k against liabilities of $19, net assets of $729k. It reported 7 employees.