His Song Ministries Inc

Analysis

His Song Ministries Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, His Song Ministries Inc reported income of $985k and spending of $643k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $601k to $985k (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, His Song Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Wynncliff Inc ($984k), Swamp Camp Services Inc ($985k) and Martin Luther Foundation of Dover ($984k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $62k. At year end it held assets of $3.1m against liabilities of -$3,722, net assets of $3.1m.