Hesed Christian Ministries Inc

Analysis

Hesed Christian Ministries Inc is a registered charity in United States, based in Santa Maria, CA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hesed Christian Ministries Inc reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hesed Christian Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include St George Serbian Orthodox Church ($1.2m), Employment Program for Recovered Alcoholics Inc ($1.2m) and Integrated Community Planning of Oswego County Inc ($1.2m).

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 $137k (13% of expenses). Other salaries and wages came to $436k. At year end it held assets of $370k against liabilities of $126k, net assets of $244k. It reported 57 employees.