Cumming Home Ministries Inc

Analysis

Cumming Home Ministries Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Cumming Home Ministries Inc reported income of $629k and spending of $541k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $629k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cumming Home Ministries Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Labor Council Senior Housing Inc ($629k), Grace at the Green Light Inc ($630k) and Tenfold Community Lending ($629k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $51k (9.5% of expenses). Other salaries and wages came to $147k. At year end it held assets of $166k against liabilities of $3,152, net assets of $162k. It reported 7 employees.