Hands of Faith Ministries Inc

Analysis

Hands of Faith Ministries Inc is a registered charity in United States, based in White Clay, NE. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hands of Faith Ministries Inc reported income of $187k and spending of $220k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $187k (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands of Faith Ministries Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NE. Charities of a similar size with the same main cause include Victoria Acres Equine Facility Inc ($187k), Tipton Cares ($187k) and Penns Grove Carneys Point S a C C Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $12k (5.7% of expenses). Other salaries and wages came to $23k. At year end it held assets of $501k against liabilities of $130k, net assets of $372k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.