Masters Touch of Sneads Ferry II Inc

Analysis

Masters Touch of Sneads Ferry II Inc is a registered charity in United States, based in Sneads Ferry, NC. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Masters Touch of Sneads Ferry II Inc reported income of $359k and spending of $218k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $359k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masters Touch of Sneads Ferry II Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include First Option Care Inc ($359k), Friends of the Family Ministries ($359k) and Fort Smith Christian Family Services Inc ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $58k. At year end it held assets of $523k against liabilities of $1,370, net assets of $522k. It reported 3 employees.