Hyssong Family Ministries

Analysis

Hyssong Family Ministries is a registered charity in United States, based in Rockport, ME. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hyssong Family Ministries reported income of $556k and spending of $566k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $556k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hyssong Family Ministries sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within ME. Charities of a similar size with the same main cause include Big Heart Ministries ($556k), Mission Imperative ($556k) and Amy for Africa ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $50k (8.8% of expenses). At year end it held assets of $375k against liabilities of $749, net assets of $374k. It reported 4 employees.