Son Set Ministries Inc

Analysis

Son Set Ministries Inc is a registered charity in United States, based in Ayden, NC. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Son Set Ministries Inc reported income of $965k and spending of $671k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $524k to $965k (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Son Set Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Youth for Truth International ($964k), India Heritage Foundation Boston ($965k) and Global Action ($964k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $60k (9.0% of expenses). Other salaries and wages came to $270k. At year end it held assets of $2.1m against liabilities of $11k, net assets of $2.1m. It reported 35 employees.