Sowers4pastors Inc

Analysis

Sowers4pastors Inc is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Sowers4pastors Inc reported income of $1.7m and spending of $1.5m, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $623k to $1.7m (+175%), an average of +22% a year. The sharpest change came in the year to December 2019, when income rose by 181%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sowers4pastors Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Keren Acheinu Bnei Yisroel Inc ($1.7m), Atlanta Technical College Foundation Inc ($1.7m) and Little Warrior Foundation Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.1m against liabilities of $36k, net assets of $1.1m.