Mission of Hope

Analysis

Mission of Hope is a registered charity in United States, based in Cedar Park, TX. It received its IRS tax-exemption ruling in March 2006, 20 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 June 2023, Mission of Hope reported income of $23.8m and spending of $23.8m, spending 100% of its income. Across the 5 years on record, from June 2016 to June 2023, income fell from $25.7m to $23.8m (-7.5%), an average of -1.9% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mission of Hope sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Dynamic Catholic Institute ($23.8m), Truth for Life ($24.0m) and Omega Charitable Developers Inc ($23.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $815k (3.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $28.5m against liabilities of $1.1m, net assets of $27.4m. It reported 61 employees.