Home Improvement Ministries Inc

Analysis

Home Improvement Ministries Inc is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Home Improvement Ministries Inc reported income of $448k and spending of $475k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $500k to $448k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Improvement 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 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Interfaith Communiity Outreach Inc ($448k), Acjls Inc ($448k) and 4 Kids Sake Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $203k (43% of expenses). Other salaries and wages came to $11k. At year end it held assets of $506k against liabilities of $0, net assets of $506k. It reported 3 employees.