Jim Hughes Ministries Incorporated

Analysis

Jim Hughes Ministries Incorporated is a registered charity in United States, based in Newfield, NJ. It received its IRS tax-exemption ruling in August 2017, 9 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, Jim Hughes Ministries Incorporated reported income of $89k and spending of $98k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $89k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jim Hughes Ministries Incorporated sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Sure Foundations ($89k), Lead for Christ ($89k) and Church of Christ Student Foundation ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. At year end it held assets of $43k against liabilities of $7,566, net assets of $36k.