Honeybee Ministries

Analysis

Honeybee Ministries is a registered charity in United States, based in Lynnville, IA. It received its IRS tax-exemption ruling in May 2018, 8 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, Honeybee Ministries reported income of $52k and spending of $67k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $52k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 118% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Honeybee Ministries sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IA. Charities of a similar size with the same main cause include Judea and Samaria Ministries ($52k), Stream of Hope ($52k) and Hallawasa Bible Camp of the Black Hills Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $16k, net assets of -$16k.