Fuel SXMX Ministry Inc MN

Analysis

Fuel SXMX Ministry Inc MN is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fuel SXMX Ministry Inc MN reported income of $538k and spending of $547k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $538k (+190%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fuel SXMX Ministry Inc MN sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Eagle Worldwide Ministries Inc ($538k), All World Gayatri Pariwar U S a ($538k) and Harvest University ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $66k (12% of expenses). Other salaries and wages came to $49k. It paid $1,450 in professional fundraising fees. At year end it held assets of $66k against liabilities of $0, net assets of $66k. It reported 3 employees.