Good Samaritan Shipping Ministries

Analysis

Good Samaritan Shipping Ministries is a registered charity in United States, based in Fleming Isle, FL. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2021, Good Samaritan Shipping Ministries reported income of $98k and spending of $99k, spending 102% of its income. Across the 2 years on record, from December 2020 to December 2021, income fell from $198k to $98k (-51%), an average of -51% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Good Samaritan Shipping Ministries sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include National China Garden Foundation ($98k), Osman Hope ($98k) and Afghans4tomorrow Inc ($98k).

On its Form 990-EZ for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $289, net assets of -$288.