Soulwell Ministries

Analysis

Soulwell Ministries is a registered charity in United States, based in Cypress, TX. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Soulwell Ministries reported income of $237k and spending of $315k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $245k to $237k (-3.3%), an average of -1.7% a year. 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, Soulwell Ministries sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Hope for the Home Ministries ($237k), Tom Harrison Pastoral Ministries Inc ($237k) and Immersion Outfitters Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 14% of the total. At year end it held assets of $169k against liabilities of $35k, net assets of $134k.