SXMX Outreach Ministry Inc

Analysis

SXMX Outreach Ministry Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in September 2018, 8 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, SXMX Outreach Ministry Inc reported income of $913k and spending of $925k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $913k (+321%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 250%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, SXMX Outreach Ministry Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include GHH Ministries ($913k), Passionlife Ministries ($913k) and Disciple Support Ministries Inc ($913k).

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 $58k (6.3% of expenses). Other salaries and wages came to $40k. At year end it held assets of $863k against liabilities of $101k, net assets of $762k. It reported 2 employees.