Holy Ghost Ministries

Analysis

Holy Ghost Ministries is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in June 2008, 18 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 2022, Holy Ghost Ministries reported income of $78k and spending of $75k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $122k to $78k (-36%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Holy Ghost Ministries sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within AR. Charities of a similar size with the same main cause include St Joseph Booster Club ($78k), Theatre Rocks Inc ($78k) and Clear Bible Inc ($78k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $11k (15% of expenses). At year end it held assets of $563k against liabilities of $440k, net assets of $123k.