X โ€” Religion-RelatedEIN: 383497803ยท Ruling Year: 2000

Set Free Ministries

Grand Rapids, Michigan

A-Health Score
82A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$3.9M
Total Revenue
๐Ÿ“Š
$3.4M
Total Expenses
๐Ÿฆ
$1.9M
Net Assets
๐Ÿ“‹
$457K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+60.7%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+12.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.56
Net assets divided by total expenses
Liabilities-to-Assets
19.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$3,865,149โ†‘61%$3,372,045โ†‘17%$2,347,591โ†‘25%
2022$2,405,119โ†‘26%$2,875,338โ†‘66%$1,881,351โ†“1%
2021$1,902,924โ†“5%$1,734,617โ†‘17%$1,893,555โ†‘11%
2020$1,995,528โ†“12%$1,483,393โ†“28%$1,712,598โ†‘42%
2019$2,262,119โ†‘45%$2,056,119โ†‘43%$1,201,893โ†‘22%
2018$1,556,538โ†“8%$1,433,131โ†‘13%$988,736โ†‘14%
2017$1,698,518โ†‘37%$1,273,485โ†‘11%$866,164โ†‘96%
2016$1,237,986โ†“12%$1,151,814โ†“19%$441,104โ†‘25%
2015$1,407,763โ†‘16%$1,426,644โ†‘1%$353,228โ†“5%
2014$1,218,096โ†“16%$1,414,922โ†‘30%$373,713โ†“34%
2013$1,444,563โ†‘37%$1,089,958โ†‘10%$569,807โ†‘145%
2012$1,058,227โ†“9%$989,989โ†“27%$232,801โ†‘54%
2011$1,157,996$1,358,473$151,132

Frequently Asked Questions

What does Set Free Ministries do?โ–ผ

Set Free Ministries is a religion-related nonprofit organization based in Michigan. It is classified under NTEE code X20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Set Free Ministries financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Set Free Ministries has a score of 82/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Set Free Ministries generate?โ–ผ

Set Free Ministries reports $2.7M in annual revenue and holds $1.7M in total assets, based on IRS filings.

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Set Free Ministries โ€” Grand Rapids, MI | GiveScope