S O S Ministries Inc

Analysis

S O S Ministries Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, S O S Ministries Inc reported income of $409k and spending of $366k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $409k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, S O S Ministries Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Chaplains in Schools Inc ($409k), One Vision International Inc ($409k) and Fund for the Renewal of Jewish Life in Kaunas Inc ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (21% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 2 employees.