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Miracle Hill Ministries, Inc.

Rating
Sector:

Community Development

Total
Revenue:

$10,108,000

Total
Expenses:

$9,433,000

Net
Assets:

$16,331,000
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Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 73%
General & Admin 12.6% 12%
Fundraising 6.8% 9%
Savings -4.3% 6.6%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Miracle Hill Ministries Inc. ("MHM") exists that those most in need receive food, shelter, and compassion while hearing the gospel of Jesus Christ and becoming productive members of society.

Working in cooperation with other agencies, Miracle Hill Ministries, Inc. has constantly adapted to serve those in greatest need. Flexibility and compassion have been, and will continue to be, our greatest assets.

Contact Information: [ Back to top ]

Mailing Address:P. O. Box 2546
Greenville , SC
29602-2546
Website: www.miraclehill.org
Phone:(864) 268-4357, (877) 558-4357
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 570425826
CEO/President: Mr. Reid Lehman Tax Deductible: Yes
Chairman: Tommy Holt Fiscal Year End: June 30
Board Size: 16 Financial info from: 990
Founder: Member of ECFA: Yes
Year Founded: 1937 Member of ECFA since: 1992

Purpose [ Back to top ]

Compassion...making a difference. Jude 22

    Together with a compassionate community we...
  • Provide assistance for basic human needs
  • Seek to preserve families, restore broken families, and help strengthen new families
  • Equip those in our care to become active in local churches and productive in society
  • Empower employees and volunteers to become compassionate, skilled, and effective Christ honoring servants
  • Provide an organized way for local churches to help people with special needs
  • Exist as an opportunity for the community to make effective change in our society as a whole and primarily in the lives of those we serve.
  • Providing a unique blend of social assistance in a distinctive Evangelical Christian framework, Miracle Hill Ministries' staff share Christ with everyone we serve and serve everyone fairly, regardless of spiritual decisions.

Mission Statement [ Back to top ]

Miracle Hill Ministries, Inc.("MHM") uses the following to express its mission:

Miracle Hill Ministries exists that those most in need receive food, shelter, and compassion while hearing the gospel of Jesus Christ and becoming productive members of society.

Following our motto, If you cannot find a friend in the world, you can find one here, Miracle Hill Ministries seeks to glorify God in all we do as we follow Christ's words:

"For I was hungry, and you gave Me something to eat; I was thirsty, and you gave Me something to drink; I was a stranger, and you invited Me in; naked, and you clothed me." Matthew 25:35-36

Program Accomplishments [ Back to top ]

Although Miracle Hill Ministries does not state on the website their accomplishments in numbers, they have provided food, shelter, and compassion while sharing the gospel of Jesus Christ with the homeless, the stranded, the evicted and abused for the past 60 years while helping them to become productive members of society.

Statement of Faith [ Back to top ]

Miracle Hill uses the following to express its believes:

Although focused on meeting the needs of the hurting and the poor, we believe that food, clothing, shelter, and rehabilitation will not provide a true and lasting hope. Each individual has been created in the image of God, but separated from Him through sin. Improvement in morals or physical condition cannot meet all the needs of a sinner. Eternal life through a relationship with Jesus Christ transforms a person as the Spirit of God applies the Word of God to each area of life.

History [ Back to top ]

Miracle Hill Ministries,Inc.("MHM") history:

1937- The Gospel Rescue Mission was established by a group of Christian businessman in response to the devastation caused by Great Depression.
1955- Incorporated as Greenville Rescue Mission, the ministry sheltered adults and children under one roof, providing food, shelter, and compassion to those in greatest need.
1957- The Miracle Hill Children's Home was established on land originally designated as a farm for recovering alcoholics. The Board of Directors and leaders of the mission recognized a greater need for a resident home for children.
The ministry is incorporated as Miracle Hill Ministries, Inc. with Greenville Rescue Mission, Miracle Hill Children's Home and Miracle Hill Industries serving as arms of ministry outreach. Miracle Hill Industries begins with one small thrift store and a milk truck donated by a local dairy.

1990- Palmetto Boy's Shelter is established at the request of state officials for troubled and at-risk boys ages 11 to 17.

1993- Shepard's Gate is opened in response to the growing need for homeless services for women, children and families.

1995- Operation Andrew, a local emergency food ministry joins Miracle Hill Ministries as the food outreach arm of the ministry.

2000- On November 20, 2000, Harbor of Hope, opened in time to serve Thanksgiving dinner to Cherokee County's hungry. Since then, Harbor of Hope has operated at near capacity each night providing emergency care for transients, the stranded, the homeless, the evicted and those fleeing domestic violence.

2001- On July 1, 2002, Spartanburg's Downtown Rescue Mission formally came under Miracle Hill Ministries' umbrella as Miracle Life Mission. It is dedicated to providing short-term emergency care for the stranded, homeless and evicted of Spartanburg.

Ministry Needs [ Back to top ]

Miracle Hill Ministries, Inc. has communicated the following needs:

Each outreach division has listed its individual needs. For more information on any of these please go to the Miracle Hill Ministries website.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100Miracle Hill Ministries profiles its IRS form 990 on its website. This a very good practice that should be commended and other ministries should follow that example.
Financial Information:100
Foundational Clarity:10010/28/2011 7:41:51 PM: Descriptive information was abundant and thorough.
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankCommunity Development Sector
Overall Efficiency RatingStarStar273 of 348    18 of 26
Fund Acquisition DecisionStarStar273 of 348      18 of 26
Resource Allocation Decision of 348      15 of 26
Asset Utilization Decision of 348      15 of 26
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Shining Light [ Back to top ]

2011 MinistryWatch.com Shining Light top ministry list

Ministry Statement or Response [ Back to top ]

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20102009200820072006
Return on FR Efforts10%13%14%15%13%13%
Fundraising Cost Ratio7%9%10%8%9%9%
Contributions Reliance83%67%70%55%74%72%
Fundraising Expense Ratio7%10%11%10%12%12%
Other Revenue Reliance17%33%30%45%26%28%
Operating RatiosDatabase Average20102009200820072006
Program Expense Ratio80%78%78%78%77%76%
Spending Ratio104%93%93%80%78%81%
Program Output Ratio84%73%72%63%60%62%
Savings Ratio-4%7%7%20%22%19%
Reserve Accumulation Rate4%4%4%13%14%13%
General & Admin Ratio13%12%12%11%11%12%
Investing RatiosDatabase Average20102009200820072006
Total Asset Turnover2.85x.48x.48x.45x.49x.5x
Degree of L-T Investment3.06x21.66x18.17x3.03x2.26x2.45x
Current Asset Turnover5.43x10.43x8.72x1.36x1.1x1.21x
Age of Assets10.5yr(s)8.4yr(s)7.6yr(s)7.7yr(s)7.6yr(s)7.3yr(s)
Liquidity RatiosDatabase Average20102009200820072006
Current Ratio3276.63x4.99x5.78x10.97x12.17x10.46x
Current Liabilities Ratio.38x.2x.17x.09x.08x.1x
Liquid Reserve Level4.95x.92x1.14x8.03x10.03x8.94x
Solvency RatiosDatabase Average20102009200820072006
Liabilities Ratio.3x.17x.16x.13x.04x.09x
Debt Ratio.07x.12x.12x.08x0x.05x
Reserve Coverage Ratio81%173%176%193%198%184%

Financials[ Back to top ]

Balance Sheet
Assets20102009200820072006
Cash$767,000$798,000$624,000$1,141,000$660,000
Receivables, Inventories & Prepaids$136,000$200,000$160,000$308,000$269,000
Short-Term Investments$0$0$5,229,000$5,231,000$4,542,000
Total Current Assets$904,000$998,000$6,014,000$6,682,000$5,472,000
Long-Term Investments$4,726,000$4,004,000$0$0$0
Fixed Assets$10,480,000$12,797,000$11,981,000$8,306,000$7,801,000
Other Long-Term Assets$3,476,000$341,000$205,000$103,000$113,000
Total Long-Term Assets$18,683,000$17,143,000$12,186,000$8,410,000$7,915,000
TOTAL ASSETS$19,587,000$18,141,000$18,201,000$15,092,000$13,387,000
Liabilities20102009200820072006
Payables & Accrued Expenses$181,000$172,000$548,000$549,000$523,000
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$181,000$172,000$548,000$549,000$523,000
Debt$2,380,000$2,197,000$1,449,000$0$653,000
Other Long-Term Liabilities$693,000$477,000$445,000$0$0
Total Long-Term Liabilities$3,074,000$2,674,000$1,894,000$0$653,000
TOTAL LIABILITIES$3,255,000$2,847,000$2,443,000$549,000$1,176,000
Assets20102009200820072006
Unrestricted$11,304,000$10,634,000$11,166,000$10,162,000$8,459,000
Temporarily Restricted$1,289,000$1,076,000$1,071,000$1,039,000$937,000
Permanently Restricted$3,738,000$3,584,000$3,520,000$3,341,000$2,814,000
NET ASSETS$16,331,000$15,294,000$15,758,000$14,543,000$12,211,000
Revenue and Expenses
Revenue20102009200820072006
Total Contributions$6,809,000$6,564,000$5,653,000$6,888,000$5,940,000
Program Service Revenue$183,000$160,000$2,235,000$102,000$90,000
Membership Dues$0$0$0$0$0
Investment Income$118,000$14,000$271,000$416,000$484,000
Other Revenue$2,997,000$2,623,000$2,067,000$1,954,000$1,721,000
Total Other Revenue$3,299,000$2,798,000$4,574,000$2,474,000$2,297,000
TOTAL REVENUE$10,108,000$9,362,000$10,228,000$9,363,000$8,237,000
Expenses20102009200820072006
Program Services$7,382,000$6,749,000$6,400,000$5,639,000$5,083,000
Management & General$1,134,000$1,016,000$914,000$814,000$785,000
Fundraising$916,000$936,000$858,000$886,000$776,000
TOTAL EXPENSES$9,433,000$8,703,000$8,173,000$7,340,000$6,645,000
Change in Net Assets20102009200820072006
SURPLUS (DEFICIT)$675,000$659,000$2,054,000$2,022,000$1,592,000
Other Changes in Net Assets$0$0($839,000)$309,000($81,000)
TOTAL CHANGE IN NET ASSETS$675,000$659,000$1,215,000$2,332,000$1,510,000