Superchannel Worship Ministries Inc

Analysis

Superchannel Worship Ministries Inc is a registered charity in United States, based in Altamonte SPG, FL. It received its IRS tax-exemption ruling in January 2002, 24 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 2021, Superchannel Worship Ministries Inc reported income of $2.8m and spending of $5.3m, spending 189% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $2.6m to $2.8m (+7.5%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 161%. Over the whole period it spent 170% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Superchannel Worship Ministries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include The Bnei Torah Trust ($2.8m), Sola Media ($2.8m) and Stream of Praise Music Ministries ($2.8m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 15% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $283k (5.3% of expenses). Other salaries and wages came to $702k. At year end it held assets of $62.0m against liabilities of $654k, net assets of $61.3m. It reported 16 employees.