Swanberg Christian Ministries

Analysis

Swanberg Christian Ministries is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in December 1999, 27 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 December 2023, Swanberg Christian Ministries reported income of $465k and spending of $505k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $474k to $465k (-2.0%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Swanberg Christian Ministries sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Ichthus International Ministries ($465k), Carpenters Project Incorporated ($465k) and On-Fire Youth Ministry ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $120k (24% of expenses). At year end it held assets of $559k against liabilities of $66k, net assets of $493k. It reported 3 employees.