Sozo Ministries Inc

Analysis

Sozo Ministries Inc is a registered charity in United States, based in Hillsborough, NJ. It received its IRS tax-exemption ruling in May 1989, 37 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, Sozo Ministries Inc reported income of $126k and spending of $152k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $209k to $126k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sozo Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Broom Tree Ministries Inc ($126k), Sow a Few Seeds Inc ($126k) and Prodigal Restoration Ministries Inc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.