Is Hyssong Family Ministries Legit?

Quick charity verification for Hyssong Family Ministries (EIN: 10545369)

Verdict: Hyssong Family Ministries appears trustworthy

90/100Mission Score
$657KRevenue
$359KAssets
2Red Flags
5Strengths

Red Flags

Strengths

AI Transparency Report

Hyssong Family Ministries demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. The organization has shown steady growth in revenue, from $209,223 in 2014 to $556,213 in 2023. Assets have also grown significantly, from $143,328 in 2014 to $374,539 in 2023, indicating a healthy accumulation of resources. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a focus on mission-related spending rather than executive enrichment. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent reporting of zero officer compensation suggests a lean operational structure. The organization's liabilities have remained very low for most of its history, with a notable spike in 2020 ($154,409) which was subsequently reduced, indicating effective financial management. The overall trend suggests a financially stable and responsibly managed nonprofit. Given the available data, Hyssong Family Ministries appears to be a financially sound organization with a clear commitment to its mission, as evidenced by its consistent growth, asset accumulation, and lack of executive compensation. Further analysis would benefit from detailed expense breakdowns to fully assess spending efficiency across program, administrative, and fundraising categories.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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