Eternal Flame of Hope Ministries Inc

Analysis

Eternal Flame of Hope Ministries Inc is a registered charity in United States, based in East Elmhurst, NY. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eternal Flame of Hope Ministries Inc reported income of $60k and spending of $61k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $92k to $60k (-34%), an average of -10% a year. The sharpest change came in the year to December 2021, when income dropped by 41%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eternal Flame of Hope Ministries Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Heterodyne Broadcasting Company ($60k), Colorado Asian Culture and Education Network ($60k) and East Contia Costa Historical Society ($60k).

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 $703k against liabilities of $716, net assets of $702k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.