Heritage Ministries Management Company Inc

Analysis

Heritage Ministries Management Company Inc is a registered charity in United States, based in Gerry, NY. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage Ministries Management Company Inc reported income of $8.6m and spending of $8.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $8.6m (+48%), an average of +10% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heritage Ministries Management Company Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Marion-Dillon County Board of Disabilities and Special Needs ($8.6m), Cornerstone Family Ministries Inc ($8.6m) and Community Services Agency ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.6m (19% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $2.0m against liabilities of $2.0m, net assets of $3,423. It reported 117 employees.