Charles Simpson Ministries Inc

Analysis

Charles Simpson Ministries Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 1984, 42 years ago. 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, Charles Simpson Ministries Inc reported income of $536k and spending of $632k, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $513k to $536k (+4.6%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charles Simpson Ministries Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within AL. Charities of a similar size with the same main cause include Boydton Life Station Inc ($536k), Omni Youth Programs ($536k) and Crossroad Christian School Inc ($536k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $92k (14% of expenses). Other salaries and wages came to $197k. At year end it held assets of $618k against liabilities of $5,639, net assets of $612k. It reported 7 employees.