Hallett Ministries Inc

Analysis

Hallett Ministries Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1993, 33 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, Hallett Ministries Inc reported income of $144k and spending of $195k, spending 135% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $193k to $144k (-25%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hallett Ministries Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Amy Azar Ministries Inc ($144k), C C S Radio Inc ($144k) and Christ-Centered Christian Church ($144k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $19k. At year end it held assets of $21k against liabilities of $12k, net assets of $8,885. It reported 2 employees.