Shively Area Ministries Inc

Analysis

Shively Area Ministries Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1989, 37 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, Shively Area Ministries Inc reported income of $778k and spending of $933k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $925k to $778k (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Shively Area Ministries Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include National Lutheran Home for the Aged Incorporated ($778k), Peninsula Housing Development Inc Xiii ($778k) and Bandera Senior Housing Corp ($777k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $75k (8.0% of expenses). Other salaries and wages came to $215k. At year end it held assets of $1.4m against liabilities of $53k, net assets of $1.3m. It reported 11 employees.