Mike Hayes Ministries

Analysis

Mike Hayes Ministries is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in March 1994, 32 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, Mike Hayes Ministries reported income of $536k and spending of $717k, spending 134% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $218k to $536k (+146%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mike Hayes Ministries sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Dibra Community Center of NJ Inc ($536k), Brethren Retreat Ministries Inc ($536k) and Calvary Chapel Magazine ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $376k (52% of expenses). At year end it held assets of $606k against liabilities of $0, net assets of $606k. It reported 3 employees.