Horace Holmes Ministries Inc

Analysis

Horace Holmes Ministries Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Horace Holmes Ministries Inc reported income of $112k and spending of $105k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $112k (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horace Holmes Ministries Inc 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 40th percentile, and in the 42nd percentile within GA. Charities of a similar size with the same main cause include Stop Abuse for Everyone ($112k), Fundaprocura Inc ($112k) and Rockwall Amica Sorority Inc ($112k).

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 $21k against liabilities of $0, net assets of $21k.