Touching Hands Evangelistic Ministries Inc

Analysis

Touching Hands Evangelistic Ministries Inc is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in June 1988, 38 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, Touching Hands Evangelistic Ministries Inc reported income of $575k and spending of $373k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $575k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Touching Hands Evangelistic Ministries Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within MS. Charities of a similar size with the same main cause include Economic Development Greater East Edge Incorporated ($575k), Merrimack Youth Association ($575k) and Rio Grande Valley-Laredo Electrical Jatc TR Fund ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 1 employees.