To support the vulnerable in society by missions and other charitable activities toward individuals.
Key facts about 587 Ministries Inc
- EIN
- 27-3599488
- Latest 990 filing
- Form 990, 2025
- Total assets
- $740,909
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$741K
-3.4% YoY
Revenue
$321K
+83.0% YoY
Net Investment Income
$10K
+39.7% YoY
Expenses
$295K
+114.7% YoY
About 587 Ministries Inc
Based on IRS filings
587 Ministries Inc is a public charity focused on Human Services, based in Pasadena, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $741K in total assets. Net investment income was $10K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $10K (2021) to $10K (2023). In 2023 it made 1 grant totaling $10K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $740,909 | $766,873 | $645,046 |
| Revenue | $321,046 | $175,473 | $146,300 |
| Expenses | $294,892 | $137,364 | $130,415 |
| Net Investment Income | $10,117 | $7,242 | $4,877 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS April 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 15, 2024)
Leadership & Key People
Officers and directors from IRS filings
587 Ministries Inc is led by Paul Barmaksezian, President on every filing since 2020; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Paul Barmaksezian
President
On filings since 2020
25 hrs/week
$36K (2020) → $89K (2025)
Ani Barmaksezian
Board Member
COO → Board Member, 2021
On filings since 2020
$9K (2020) → $0 (2025)
Herag Haleblian
Board Member
Director → Board Member, 2021
On filings since 2020
No compensation reported
Lisa Haleblian
Board Member
Secretary → Board Member, 2021
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $89K, to Paul Barmaksezian (President).
Frequently asked questions about 587 Ministries Inc
How large is 587 Ministries Inc?
587 Ministries Inc reported $741K in total assets on its 2025 IRS Form 990. Its revenue that year was $321K.
What is 587 Ministries Inc?
587 Ministries Inc is a public charity focused on Human Services, based in Pasadena, CA. It holds $741K in total assets as of 2025.
Where does 587 Ministries Inc operate?
587 Ministries Inc has awarded grants in California.
What is 587 Ministries Inc's EIN?
587 Ministries Inc's EIN (Employer Identification Number) is 27-3599488. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching 587 Ministries Inc by hand.
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