Collins Home Family Ministries

Analysis

Collins Home Family Ministries is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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, Collins Home Family Ministries reported income of $1.7m and spending of $705k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 241%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Collins Home Family Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include St George Senior Housing Corp ($1.7m), Capital Area Agency on Aging Pointe Coupee ($1.7m) and Biomedical Research Foundation Medical Research 151 ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $63k (9.0% of expenses). Other salaries and wages came to $239k. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m. It reported 19 employees.