Straight Street Ministries Inc

Analysis

Straight Street Ministries Inc is a registered charity in United States, based in Midlothian, TX. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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, Straight Street Ministries Inc reported income of $66k and spending of $74k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $218k to $66k (-69%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Straight Street Ministries Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Miles Clark Memorial Trust R E Aiken Jr ($66k), General Federation of Womens Clubs ($66k) and Rockland Boces Family Resource Center Foundation Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.