Higher Ways Ministries

Analysis

Higher Ways Ministries is a registered charity in United States, based in Nederland, TX. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Higher Ways Ministries reported income of $157k and spending of $188k, spending 120% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $124k to $157k (+26%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Higher Ways Ministries sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Blueprint Inc ($157k), Acres of Hope Ministry Inc ($157k) and Glen Arekion Ministries Inc ($157k).

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 $10k against liabilities of $10k, net assets of -$38.