HR Ministries

Analysis

HR Ministries is a registered charity in United States, based in Princeton, KY. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, HR Ministries reported income of $791k and spending of $866k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $484k to $791k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, HR Ministries sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Innova Preparatory School ($791k), Eaa Vintage Aircraft Association Incorporated ($791k) and Leelanau Childrens Center Inc ($791k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $175k. At year end it held assets of $526k against liabilities of $18k, net assets of $508k. It reported 9 employees.