Sweetwater Area Ministries Inc

Analysis

Sweetwater Area Ministries Inc is a registered charity in United States, based in Sweetwater, TN. It received its IRS tax-exemption ruling in June 1998, 28 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 December 2023, Sweetwater Area Ministries Inc reported income of $617k and spending of $527k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $617k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sweetwater Area Ministries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Food for Our Journey ($617k), Cleveland Chesed Center ($617k) and Houstons House of Hope ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% of the total. Other salaries and wages came to $290k. At year end it held assets of $749k against liabilities of $17k, net assets of $732k. It reported 17 employees.