Mike Signorelli Ministries Inc

Analysis

Mike Signorelli Ministries Inc is a registered charity in United States, based in Ridgewood, NY. It received its IRS tax-exemption ruling in October 2021, 5 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 December 2023, Mike Signorelli Ministries Inc reported income of $947k and spending of $661k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $332k to $947k (+185%), an average of +186% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mike Signorelli Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include The Oaks Collaborative ($947k), Yeshiva Wolozin Bnei Brak Israel Inc ($947k) and Michigan Roundtablefor Just Communities ($947k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 16% of the total. Other salaries and wages came to $3,000. At year end it held assets of $441k against liabilities of $13k, net assets of $428k. It reported 1 employees.