Home Ministries

Analysis

Home Ministries is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in August 2019, 7 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, Home Ministries reported income of $80k and spending of $94k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $80k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. 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, Home Ministries sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Choose Life Ministries Inc ($80k), Good Neighbor Ministry ($80k) and Regenerations Ministries Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $13k against liabilities of $80, net assets of $13k.