Chance Sobriety Ministries Inc

Analysis

Chance Sobriety Ministries Inc is a registered charity in United States, based in N Little Rock, AR. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2024, Chance Sobriety Ministries Inc reported income of $160k and spending of $228k, spending 143% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $336k to $160k (-52%), an average of -17% a year. The sharpest change came in the year to April 2021, when income dropped by 21%. Over the whole period it spent 128% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chance Sobriety Ministries Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within AR. Charities of a similar size with the same main cause include Westminster Foundation ($160k), Donovan Creason Memorial Trust Fund ($160k) and Bill Graham Memorial Foundation ($160k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $327k against liabilities of $627k, net assets of -$299k.

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.