Seek Well Ministries Inc

Analysis

Seek Well Ministries Inc is a registered charity in United States, based in Northville, MI. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seek Well Ministries Inc reported income of $205k and spending of $216k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $204k to $205k (+0.5%), an average of +0.5% 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, Seek Well Ministries Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Church of Jesus Christ the Lord Inc ($205k), Williamsport Federation of Jewish Charities ($205k) and First United Methodist Church of Wilson Endowment Fund a Non-Pro ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 22% of the total. Other salaries and wages came to $143k. At year end it held assets of $113k against liabilities of $6,398, net assets of $106k. It reported 5 employees.