Streets 517 Ministries

Analysis

Streets 517 Ministries is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Streets 517 Ministries reported income of $229k and spending of $171k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $229k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Streets 517 Ministries sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Blue Angels Gymnastics Club Inc ($229k), West Babylon Community Youth Center Inc ($230k) and 5180-5190 Ryla Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (27% of expenses). Other salaries and wages came to $71k. At year end it held assets of $125k against liabilities of $7,284, net assets of $117k. It reported 8 employees.