Set Free Ministries
Grand Rapids, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $3,865,149↑61% | $3,372,045↑17% | $2,347,591↑25% | |
| 2022 | $2,405,119↑26% | $2,875,338↑66% | $1,881,351↓1% | — |
| 2021 | $1,902,924↓5% | $1,734,617↑17% | $1,893,555↑11% | — |
| 2020 | $1,995,528↓12% | $1,483,393↓28% | $1,712,598↑42% | — |
| 2019 | $2,262,119↑45% | $2,056,119↑43% | $1,201,893↑22% | — |
| 2018 | $1,556,538↓8% | $1,433,131↑13% | $988,736↑14% | — |
| 2017 | $1,698,518↑37% | $1,273,485↑11% | $866,164↑96% | — |
| 2016 | $1,237,986↓12% | $1,151,814↓19% | $441,104↑25% | — |
| 2015 | $1,407,763↑16% | $1,426,644↑1% | $353,228↓5% | — |
| 2014 | $1,218,096↓16% | $1,414,922↑30% | $373,713↓34% | — |
| 2013 | $1,444,563↑37% | $1,089,958↑10% | $569,807↑145% | — |
| 2012 | $1,058,227↓9% | $989,989↓27% | $232,801↑54% | — |
| 2011 | $1,157,996 | $1,358,473 | $151,132 | — |
Frequently Asked Questions
What does Set Free Ministries do?▼
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?▼
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?▼
Set Free Ministries reports $2.7M in annual revenue and holds $1.7M in total assets, based on IRS filings.
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