Honoring the Father Ministries Inc

Analysis

Honoring the Father Ministries Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in May 1997, 29 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 2022, Honoring the Father Ministries Inc reported income of $774k and spending of $626k, spending 81% of its income. Across the 5 years on record, from December 2018 to December 2022, income fell from $885k to $774k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Honoring the Father Ministries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Mexico Missions Ministries Inc ($774k), The Alabama Holocaust Education Center ($775k) and Passionist Earth & Spirit Center Inc ($774k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $139k (22% of expenses). At year end it held assets of $423k against liabilities of $426, net assets of $423k. It reported 3 employees.