Fresh Start Ministries of San Angelo

Analysis

Fresh Start Ministries of San Angelo is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Fresh Start Ministries of San Angelo reported income of $379k and spending of $175k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $238k to $379k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fresh Start Ministries of San Angelo sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include New Hull Street Housing Development Fund Company Inc ($379k), Decro Epsilon Corporation ($380k) and GTBL Development Corp ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $16k (8.9% of expenses). Other salaries and wages came to $14k. At year end it held assets of $608k against liabilities of $96k, net assets of $512k. It reported 5 employees.