Hyssong Family Ministries

Hyssong Family Ministries shows consistent revenue growth and zero officer compensation over a decade.

EIN: 10545369 · Rockport, ME · NTEE: X80 · Updated: 2026-03-28

$657KRevenue

$359KAssets

90/100Mission Score (Excellent)

X80

About Hyssong Family Ministries

Hyssong Family Ministries (EIN: 10545369) is a nonprofit organization based in Rockport, ME, classified under NTEE code X80. The organization reported total revenue of $657K and total assets of $359K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hyssong Family Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hyssong Family Ministries with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Hyssong Family Ministries allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of this size and revenue, suggesting a volunteer-led or externally funded leadership structure.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Hyssong Family Ministries's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Unusually high liabilities in 2020 ($154,409) compared to other years

Strengths

The following positive indicators were identified for Hyssong Family Ministries:

Consistent revenue growth over a decade, from $209,223 in 2014 to $556,213 in 2023
Zero officer compensation reported across all filings, indicating strong commitment to mission-focused spending
Healthy asset growth, from $143,328 in 2014 to $374,539 in 2023
Generally low liabilities, demonstrating sound financial management (excluding 2020 spike)
Positive net assets, indicating financial stability

Frequently Asked Questions about Hyssong Family Ministries

How does Hyssong Family Ministries sustain its operations without officer compensation?

The filings consistently show 0% officer compensation, suggesting that leadership may be volunteer-based, compensated through other entities, or that the organization's structure minimizes traditional executive salaries.

What caused the significant increase in liabilities in 2020?

In 2020, liabilities spiked to $154,409 from $748 in 2019. This could indicate a major capital expenditure, a loan, or a temporary financial obligation, which was largely resolved by 2021 when liabilities returned to $908.

What are the primary program activities of Hyssong Family Ministries?

The NTEE code X80 indicates 'Religious, Spiritual, and Faith-Based' organizations. Without further detail, the specific program activities are not discernible from the provided financial summary.

Filing History

IRS 990 filing history for Hyssong Family Ministries showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hyssong Family Ministries's revenue has grown by 235.2%, moving from $166K to $556K. Total assets increased by 430.7% over the same period, from $71K to $375K. Total functional expenses rose by 201.2%, from $188K to $566K. In its most recent filing year (2023), Hyssong Family Ministries reported a deficit of $9K, with expenses exceeding revenue. The organization holds $749 in liabilities against $375K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $374K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$556K	$566K	$375K	$749	—	—
2022	$496K	$509K	$384K	$910	—	View 990
2021	$437K	$375K	$397K	$908	—	View 990
2020	$317K	$247K	$488K	$154K	—	View 990
2019	$385K	$326K	$265K	$748	—	View 990
2018	$308K	$256K	$206K	$749	—	View 990
2017	$308K	$286K	$154K	$749	—	View 990
2016	$340K	$339K	$132K	$910	—	View 990
2015	$332K	$300K	$145K	$14K	—	View 990
2014	$209K	$199K	$143K	$45K	—	View 990
2013	$182K	$189K	$147K	$60K	—	View 990
2012	$220K	$194K	$167K	$72K	—	View 990
2011	$166K	$188K	$71K	$680	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $556K, expenses of $566K, and assets of $375K (revenue +12.2% year-over-year).
2022: Revenue of $496K, expenses of $509K, and assets of $384K (revenue +13.3% year-over-year).
2021: Revenue of $437K, expenses of $375K, and assets of $397K (revenue +37.9% year-over-year).
2020: Revenue of $317K, expenses of $247K, and assets of $488K (revenue -17.6% year-over-year).
2019: Revenue of $385K, expenses of $326K, and assets of $265K (revenue +25.0% year-over-year).
2018: Revenue of $308K, expenses of $256K, and assets of $206K (revenue +0.1% year-over-year).
2017: Revenue of $308K, expenses of $286K, and assets of $154K (revenue -9.4% year-over-year).
2016: Revenue of $340K, expenses of $339K, and assets of $132K (revenue +2.3% year-over-year).
2015: Revenue of $332K, expenses of $300K, and assets of $145K (revenue +58.8% year-over-year).
2014: Revenue of $209K, expenses of $199K, and assets of $143K (revenue +15.1% year-over-year).
2013: Revenue of $182K, expenses of $189K, and assets of $147K (revenue -17.2% year-over-year).
2012: Revenue of $220K, expenses of $194K, and assets of $167K (revenue +32.3% year-over-year).
2011: Revenue of $166K, expenses of $188K, and assets of $71K.

Data Sources and Methodology

This transparency report for Hyssong Family Ministries is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

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