Double Honor Ministries

Analysis

Double Honor Ministries is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Double Honor Ministries reported income of $72k and spending of $313k, spending 438% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $75k to $72k (-4.1%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 308% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Double Honor Ministries sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within OK. Charities of a similar size with the same main cause include Proliferate Foundation Inc ($72k), Righteous Foundation International Ministries Inc ($72k) and Interregnum Foundation Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $95k (30% of expenses). Other salaries and wages came to $5,073. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.