Home Spun Ministries

Analysis

Home Spun Ministries is a registered charity in United States, based in Eatonville, WA. It received its IRS tax-exemption ruling in February 2001, 25 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, Home Spun Ministries reported income of $82k and spending of $76k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $82k (-5.7%), an average of -5.7% a year. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Home Spun Ministries sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Victorious Ministry Through Christ Inc ($82k), Gods Word for Warriors ($82k) and Tong Jue Si ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.