Halifax Urban Ministries

Analysis

Halifax Urban Ministries is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Halifax Urban Ministries reported income of $5.5m and spending of $4.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $5.5m (+123%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Halifax Urban Ministries sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Family Services Inc ($5.5m), Lori & David Scott Foundation ($5.5m) and National Safe Skies Alliance Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $100k (2.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.1m against liabilities of $729k, net assets of $8.4m. It reported 63 employees.