Silver Valley Ministries

Analysis

Silver Valley Ministries is a registered charity in United States, based in Uvalde, TX. It received its IRS tax-exemption ruling in June 1973, 53 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, Silver Valley Ministries reported income of $89k and spending of $93k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $89k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Silver Valley Ministries sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Kern Agricultural Foundation ($89k), N H a Scholarship Fund ($89k) and Monona Serenity Group Incorporated ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $22k (23% of expenses). At year end it held assets of $318k against liabilities of $0, net assets of $318k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.