Holy Spirit Ministries Inc

Analysis

Holy Spirit Ministries Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Holy Spirit Ministries Inc reported income of $79k and spending of $29k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $65k to $79k (+21%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Spirit Ministries Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within AL. Charities of a similar size with the same main cause include The Wright Group Unlimited Inc ($79k), Hunter Public Library ($79k) and West Yuma County Cemetery District ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $229k against liabilities of $507, net assets of $228k.