Streets Ministries Inc

Analysis

Streets Ministries Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 1999, 27 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 July 2023, Streets Ministries Inc reported income of $1.7m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.7m to $1.7m (+0.2%), an average of +0.0% a year. The sharpest change came in the year to July 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Streets Ministries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Youth Volunteer Corps ($1.7m), Our Daughters International ($1.7m) and Association for Early Learning Leaders ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $208k (11% of expenses). Other salaries and wages came to $512k. At year end it held assets of $11.8m against liabilities of $3.6m, net assets of $8.2m. It reported 33 employees.