Hope Restoration Ministries World-Wide Inc

Analysis

Hope Restoration Ministries World-Wide Inc is a registered charity in United States, based in Queens VLG, NY. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Restoration Ministries World-Wide Inc reported income of $115k and spending of $94k, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $182k to $115k (-37%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Restoration Ministries World-Wide Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Divine Temple Church of God in Christ ($115k), City of Refuge ($115k) and Shamgar Ministries Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $787k against liabilities of $0, net assets of $787k.