Hot Springs Ministerial Association

Analysis

Hot Springs Ministerial Association is a registered charity in United States, based in Hot Springs, SD. It received its IRS tax-exemption ruling in July 2004, 22 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, Hot Springs Ministerial Association reported income of $121k and spending of $138k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $121k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hot Springs Ministerial Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within SD. Charities of a similar size with the same main cause include Iglesia Cristo Te Ama ($121k), Machon Iyun Halacha Inc ($121k) and Mikveh of South Shore Congregation ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $285k against liabilities of $222k, net assets of $63k.