Resource Office for Social Ministries Inc

Analysis

Resource Office for Social Ministries Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in November 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Resource Office for Social Ministries Inc reported income of $189k and spending of $189k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $214k to $189k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resource Office for Social Ministries Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Hatzilu Rescue Organization Inc ($189k), Reach Out Orphanage Ministries ($189k) and Angelwish Inc ($189k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $51k. At year end it held assets of $191k against liabilities of $1,417, net assets of $190k. It reported 4 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.