Segun Obadje Teaching Ministry Inc

Analysis

Segun Obadje Teaching Ministry Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in April 2022, 4 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, Segun Obadje Teaching Ministry Inc reported income of $91k and spending of $91k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $91k (+53%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Segun Obadje Teaching Ministry Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Lamplight Ministries Inc ($91k), Gereja Presbyterian Indonesia Inc ($91k) and West Michigan Kingdom Coalition ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,365 against liabilities of $7,365, net assets of $0.