Tower of Hope International Ministries Inc

Analysis

Tower of Hope International Ministries Inc is a registered charity in United States, based in Pennsauken, NJ. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Tower of Hope International Ministries Inc reported income of $74k and spending of $74k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $46k to $74k (+59%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 60% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Tower of Hope International Ministries Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Flourish Kenya ($74k), Sionfonds for Haiti ($74k) and Richland Center Santa Teresa Sister City Project ($73k).

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 $0 against liabilities of $0, net assets of $0.