Overview
What is Good Samaritan Ministries?
Good Samaritan Ministries is a nonprofit organization located at 2307 HULL STREET, RICHMOND, VA, 23218. Its primary mission is to assist individuals struggling with homelessness, poverty, alcohol, and drug dependency. The organization operates a year-long program aimed at addressing the physical, emotional, and spiritual needs of its participants. The program is divided into two phases, with the initial six months focusing on critical issues such as drug withdrawal and personal responsibility. The spiritual aspect of the program introduces the teachings and works of Jesus Christ as a means to achieve salvation and a new life. The program's success hinges on character transformation, which begins when an individual acknowledges their sinfulness and helplessness and accepts the redemptive sacrifice of Jesus Christ, restoring them to fellowship with God. The organization employs a total of 22 individuals.
Official website here: www.goodsamaritanministry.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Good Samaritan Ministries has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity boasts an impressive accountability score of 84%, with a fully independent board, indicating clear governance practices. Key strengths include a high program expense ratio of 72.44%, meaning a significant portion of funding goes directly to its programs, as well as efficient fundraising with just $0.11 spent to raise each dollar.
The organization demonstrates robust financial health, evidenced by a liabilities to assets ratio of 31.16% and a working capital ratio of 2.19 years, suggesting financial sustainability and the capacity to cover its obligations comfortably. Additionally, it has a solid track record of no material diversion of assets, which enhances its credibility and trustworthiness.
While the overall financial metrics are strong, ongoing monitoring of operational efficiency and program impact will be essential for maintaining these positive ratings. Stakeholders may look for continued transparency and effectiveness in achieving the organization's mission as they evaluate future contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Good Samaritan Ministries legitimate?
Good Samaritan Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Samaritan Ministries submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $488,938
For more financial information, click here
Official website here: www.goodsamaritanministry.com
What is the mission statement of Good Samaritan Ministries?
Good Samaritan Ministries is a Christian-led organization dedicated to assisting individuals overcome homelessness, poverty, alcohol, and drug dependency. The mission of this organization is to provide a year-long program aimed at meeting the physical, emotional, and spiritual needs of its residents. The key to their success lies in promoting character transformation, which is a spiritual process initiated when an individual acknowledges their sinfulness and helplessness, and accepts the redeeming sacrifice of Jesus Christ, thereby restoring them to fellowship with God.
Official website here: www.goodsamaritanministry.com
Who is the CEO of Good Samaritan Ministries?
Michael D Mcclary is the Chairman of Good Samaritan Ministries.
Official website here: www.goodsamaritanministry.com
What is the revenue of Good Samaritan Ministries?
Good Samaritan Ministries's revenue in 2022 was $2,738,102.
Official website here: www.goodsamaritanministry.com
Who are the executives of Good Samaritan Ministries and what are their salaries?
The average compensation at Good Samaritan Ministries during 2022 was $22,224. There are 22 employees and 175 volunteers at Good Samaritan Ministries.
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Official website here: www.goodsamaritanministry.com
Where can I find the form 990 for Good Samaritan Ministries?
Good Samaritan Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.goodsamaritanministry.com
Learn more at the official website: www.goodsamaritanministry.com
Mission Statement of Good Samaritan Ministries
Good Samaritan Ministries is a Christian mission dedicated to aiding its residents in overcoming homelessness, poverty, alcohol, and drug dependency. Their year-long program aims to cater to the physical, emotional, and spiritual needs of the participants. The crux of their success lies in character transformation, a spiritual process that commences when an individual acknowledges their sinfulness and helplessness, and accepts the redemptive sacrifice of Jesus Christ, thereby restoring them to fellowship with God.
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Impact
July, 2024
Good Samaritan Ministries has a significant impact on its residents by providing a structured program focused on helping individuals overcome homelessness, poverty, alcohol and drug dependency. Through a year-long program, they address the physical, emotional, and spiritual needs of participants, with an emphasis on character transformation. By guiding individuals to acknowledge their struggles and accept the redemptive sacrifice of Jesus Christ, they aim to restore fellowship with God and bring about lasting change in their lives. The program offers a hand up rather than just a handout, with a structured regimen that includes supervised living arrangements and a focus on critical issues such as drug withdrawal and personal responsibility. Through their dedication to fostering a relationship with Jesus Christ and facilitating positive transformations, Good Samaritan Ministries plays a vital role in supporting individuals on their journey towards a better future.
This information is meant to be a general summary of Good Samaritan Ministries. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$282,550
- Program Service Revenue: $761
- Gross Receipts: $3,569,233
Assets and Liabilities:
- Total Assets: $6,487,397
- Total Liabilities: $2,211,137
- Net Assets: $4,276,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORK PROGRAM FEES
Revenue
$761
Organization Details
Founding Year
1987
Phone
(804) 231-9995Principal Officer
Michael D Mcclary
Main Address
2307 HULL STREET, RICHMOND, VA, 23218
NTEE Category
Code: P600 - Human services
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