Herrin Ministries Inc

Analysis

Herrin Ministries Inc is a registered charity in United States, based in Thompsons STN, TN. It received its IRS tax-exemption ruling in June 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, Herrin Ministries Inc reported income of $108k and spending of $98k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $108k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. 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, Herrin Ministries Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within TN. Charities of a similar size with the same main cause include Harrison Ministries International Inc ($108k), Barnabas Factor ($108k) and North Shelby Vietnamese Baptist Church Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (75% of expenses). At year end it held assets of $20k against liabilities of $9,187, net assets of $10k.