Good Samaritan Ministries Inc

Analysis

Good Samaritan Ministries Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in October 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 2023, Good Samaritan Ministries Inc reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.2m (-33%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Good Samaritan Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Evangeline Council Housing for the Elderly Inc ($1.2m), Beacon Housing Inc ($1.2m) and MMM Louisiana Affordable Housing Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $68k (6.2% of expenses). Other salaries and wages came to $252k. At year end it held assets of $892k against liabilities of $252k, net assets of $640k. It reported 38 employees.