Society of Samaritans Inc

Analysis

Society of Samaritans Inc is a registered charity in United States, based in Magnolia, TX. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Society of Samaritans Inc reported income of $790k and spending of $762k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $790k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Society of Samaritans Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Because He Lives Ministry Inc ($790k), Pryme Corp ($790k) and Bright Blessings ($790k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $296k. At year end it held assets of $678k against liabilities of $10k, net assets of $667k. It reported 20 employees.