Fhg1 Ministries

Analysis

Fhg1 Ministries is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fhg1 Ministries reported income of $729k and spending of $813k, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $526k to $729k (+39%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fhg1 Ministries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Baptist World Missionary Outreach Ministry ($728k), Encountering Peace ($729k) and Su Casa Family Ministries ($728k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (4.7% of expenses). Other salaries and wages came to $109k. At year end it held assets of $1.8m against liabilities of $1.5m, net assets of $320k. It reported 1 employees.