In His Steps Ministries Inc

Analysis

In His Steps Ministries Inc is a registered charity in United States, based in Canton, MS. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, In His Steps Ministries Inc reported income of $870k and spending of $616k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $496k to $870k (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, In His Steps Ministries Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within MS. Charities of a similar size with the same main cause include Barnabas Network ($870k), Northwest Vipassana Association ($870k) and United Progress Inc ($870k).

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 $103k (17% of expenses). Other salaries and wages came to $281k. At year end it held assets of $2.7m against liabilities of $58k, net assets of $2.7m. It reported 21 employees.