Jim Hockaday Ministries Inc

Analysis

Jim Hockaday Ministries Inc is a registered charity in United States, based in Castle Rock, CO. It received its IRS tax-exemption ruling in January 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 2023, Jim Hockaday Ministries Inc reported income of $497k and spending of $484k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $497k (+128%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 48%. 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, Jim Hockaday Ministries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Care Plus Foundation Inc ($497k), Hopes Cry International ($497k) and Wat Lao Xayabhoummaram ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $96k (20% of expenses). Other salaries and wages came to $17k. At year end it held assets of $243k against liabilities of $2,909, net assets of $240k. It reported 3 employees.