Society for Promoting & Encouraging Arts & Knowledge of the Church

Analysis

Society for Promoting & Encouraging Arts & Knowledge of the Church is a registered charity in United States, based in Eureka SPGS, AR. It received its IRS tax-exemption ruling in November 1967, 59 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Society for Promoting & Encouraging Arts & Knowledge of the Church reported income of $252k and spending of $463k, spending 184% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $465k to $252k (-46%), an average of -26% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 128% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Society for Promoting & Encouraging Arts & Knowledge of the Church sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within AR. Charities of a similar size with the same main cause include Mission 01 Inc ($252k), Heaven Rules Ministries Inc ($252k) and Cornerstone Community Ministries Inc ($252k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 95% of the total. Other salaries and wages came to $92k. At year end it held assets of $1.4m against liabilities of $1,145, net assets of $1.4m.

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.