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Posts tagged ‘Shoe Box Gifts’

24
Nov

How Revenue is Spent at Samaritan’s Purse (2020)

Samaritan’s Purse is a tax-exempt, non-profit 501 (c) (3) established in 1970 by Bob Pierce who died in 1978. W. Franklin Graham (son of Billy Graham) became Chairman, President, and CEO of Samaritan’s Purse in 1979 and has held the position since although he is also an evangelist for the Billy Graham Evangelistic Association.

Based in Boone, North Carolina, Samaritan’s Purse is a nondenominational Christian organization that provides “spiritual and physical aid to hurting people around the world.” How do they do this? Primarily through grants (i.e. transporting shoebox gifts:  a box filled with toys, supplies, and hygiene items) which for the past several years averaged 40% of revenue although in 2020, the percentage was lower at 28% because Samaritan’s Purse focused on building up net assets and to do this they spent significantly less than they collected:  Samaritan’s Purse only spent $72 out of every $100 raised. In actual dollars, Samaritan’s Purse raised about $895 million (including non-cash contributions), spent about $670 million, putting about $225 million in savings in 2020. Read more »