Serving Hands Ministries Inc

Analysis

Serving Hands Ministries Inc is a registered charity in United States, based in Goshen, IN. It received its IRS tax-exemption ruling in July 2018, 8 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 2022, Serving Hands Ministries Inc reported income of $196k and spending of $129k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $84k to $196k (+133%), an average of +133% a year. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Serving Hands Ministries Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Peace Home Michigan Inc ($196k), The Massachusetts Association for Adult Day Health Services Inc ($196k) and Generations Child Care Working Hand in Hand ($196k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (58% of expenses). Other salaries and wages came to $29k. At year end it held assets of $173k against liabilities of $0, net assets of $173k. It reported 3 employees.