Samaritan Ministries

Analysis

Samaritan Ministries is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Samaritan Ministries reported income of $2.4m and spending of $1.9m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.4m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Samaritan Ministries sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Squareone Villages ($2.4m), Alpha Building Foundation Corporation ($2.4m) and Sierra Saving Grace Homeless Project ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $95k (5.0% of expenses). Other salaries and wages came to $921k. At year end it held assets of $8.1m against liabilities of $925k, net assets of $7.2m. It reported 35 employees.