Hang Ministries Inc

Analysis

Hang Ministries Inc is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. 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, Hang Ministries Inc reported income of $58k and spending of $75k, spending 129% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $68k to $58k (-15%), an average of -15% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hang Ministries Inc 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 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Rejuvenation Inc ($58k), Leadership Trussville Inc ($58k) and Habitat for Humanity International Inc ($58k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.