Sipe Ministries Inc

Analysis

Sipe Ministries Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in November 1978, 48 years ago. 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, Sipe Ministries Inc reported income of $843k and spending of $775k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $661k to $843k (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sipe 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 77th percentile, and in the 79th percentile within AR. Charities of a similar size with the same main cause include Thrive Regional Partnership Inc ($843k), William Holland Retreat Inc ($844k) and Oak Haven Inc ($843k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $46k (5.9% of expenses). Other salaries and wages came to $500k. At year end it held assets of $1.3m against liabilities of $686k, net assets of $650k. It reported 90 employees.