Hutchcraft Ministries Inc

Analysis

Hutchcraft Ministries Inc is a registered charity in United States, based in Harrison, AR. It received its IRS tax-exemption ruling in May 1992, 34 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, Hutchcraft Ministries Inc reported income of $6.2m and spending of $4.8m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $6.2m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hutchcraft Ministries Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AR. Charities of a similar size with the same main cause include Multiplication Network Ministries ($6.2m), Seattle Hebrew Academy ($6.2m) and Voice of Prophecy ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $545k (11% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $12.5m against liabilities of $293k, net assets of $12.3m. It reported 43 employees.