Hovsepian Ministries Inc

Analysis

Hovsepian Ministries Inc is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hovsepian Ministries Inc reported income of $318k and spending of $376k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $386k to $318k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hovsepian Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Theology Matters ($318k), Sheryl Brady Ministries Inc ($318k) and Northwind Theological Seminary ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). At year end it held assets of $342k against liabilities of $82k, net assets of $260k. It reported 1 employees.