Desire Street Ministries

Analysis

Desire Street Ministries is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1992, 34 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 June 2023, Desire Street Ministries reported income of $1.4m and spending of $1.6m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.4m (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 142% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Desire Street Ministries sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within GA. Charities of a similar size with the same main cause include 247 Media Ministries ($1.4m), Friends of Lake Swan Camp Inc ($1.4m) and Kingdom Katalyst ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $296k (18% of expenses). Other salaries and wages came to $448k. At year end it held assets of $3.6m against liabilities of $115k, net assets of $3.5m. It reported 8 employees.