Salt Next Gen Ministries

Analysis

Salt Next Gen Ministries is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in September 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 July 2023, Salt Next Gen Ministries reported income of $537k and spending of $800k, spending 149% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $856k to $537k (-37%), an average of -37% a year. The sharpest change came in the year to July 2023, when income dropped by 37%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Salt Next Gen Ministries sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Napa Institute Legal Foundation ($537k), Bnei Akiva of Lower Merion Inc ($537k) and Worldwideword Inc ($536k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $183k (23% of expenses). Other salaries and wages came to $77k. At year end it held assets of $49k against liabilities of $6,021, net assets of $43k. It reported 6 employees.