Sos Ministries Inc

Analysis

Sos Ministries Inc is a registered charity in United States, based in Bryan, TX. It received its IRS tax-exemption ruling in March 1995, 31 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, Sos Ministries Inc reported income of $1.8m and spending of $1.6m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.8m (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sos Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Tzedek America Program ($1.8m), Mission Dispatch ($1.8m) and Sacred Spaces Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $186k (12% of expenses). Other salaries and wages came to $457k. At year end it held assets of $8.4m against liabilities of $63k, net assets of $8.4m. It reported 59 employees.