Preacherhead Ministries Inc

Analysis

Preacherhead Ministries Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Preacherhead Ministries Inc reported income of $128k and spending of $148k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $194k to $128k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Preacherhead Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Ezras Cholim D Satmar Inc ($128k), Black Political Empowerment Project ($128k) and Pat Green Foundation ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. It paid $1,423 in professional fundraising fees. At year end it held assets of $35k against liabilities of $2,000, net assets of $33k.