Steve & Mary Alessi Ministries Inc

Analysis

Steve & Mary Alessi Ministries Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in February 2009, 17 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, Steve & Mary Alessi Ministries Inc reported income of $313k and spending of $93k, leaving 70% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $577k to $313k (-46%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 105%. Over the whole period it spent 8.2% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Steve & Mary Alessi Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Al-Ma Idah Initiative Foundation ($313k), Gurdjieff Foundation of California ($314k) and Woodside Baitul Jannah Masjid Inc ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.