Hand to the Plow Ministries Inc

Analysis

Hand to the Plow Ministries Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in August 1984, 42 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, Hand to the Plow Ministries Inc reported income of $379k and spending of $353k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $455k to $379k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hand to the Plow Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Saline County Humane Society ($379k), Childrens Rainbow a Cooperative Preschool ($379k) and Tax Education Foundation ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $62k (18% of expenses). At year end it held assets of $121k against liabilities of $643, net assets of $120k. It reported 3 employees.