Street Corner Ministries Matthew 22 9 Inc

Analysis

Street Corner Ministries Matthew 22 9 Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in September 1996, 30 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 September 2024, Street Corner Ministries Matthew 22 9 Inc reported income of $1.4m and spending of $1.8m, spending 128% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income grew from $941k to $1.4m (+47%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 128% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Street Corner Ministries Matthew 22 9 Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Sephardic Mikveh of Midwood Inc ($1.4m), Ahmadi Religion of Peace and Light ($1.4m) and One Spirit Learning Alliance Ltd ($1.4m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $69k (3.9% of expenses). Other salaries and wages came to $32k. At year end it held assets of $3.6m against liabilities of $1,672, net assets of $3.6m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.