Mission of Hope

Analysis

Mission of Hope is a registered charity in United States, based in Hardy, AR. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Mission of Hope reported income of $185k and spending of $159k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $185k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 84% 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 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within AR. Charities of a similar size with the same main cause include WMBC Foundation ($185k), Instruments of Righteousness Evangelistic Ministries Inc ($185k) and Destiny Living Ministries a NJ Nonprofit Corporation ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $35k (22% of expenses). At year end it held assets of $535k against liabilities of $0, net assets of $535k. It reported 2 employees.