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Hope Matters Marriage Ministries

RegisteredEIN 20-0895198Plano, TXPoverty relief
Income$264k2023-12
Spending$338ksame year
Spent / received107%5-year average
Size in its cause54th pctPoverty relief
Exempt since2004Publicly supported organisat
Employees2latest return

Analysis

Hope Matters Marriage Ministries is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hope Matters Marriage Ministries reported income of $264k and spending of $338k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $297k to $264k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Matters Marriage Ministries sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Center for Positive Aging in Lower Merion ($264k), Beresford Child Care Inc ($264k) and The Polk County Mission Center ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $246k (73% of expenses). At year end it held assets of $231k against liabilities of $0, net assets of $231k. It reported 2 employees.

Income and spending

$0$87k$174k$261k$348k2019 Income: $296,9402019 Spending: $294,08120192020 Income: $232,8722020 Spending: $295,03620202021 Income: $348,1372021 Spending: $311,70220212022 Income: $307,6342022 Spending: $308,75520222023 Income: $263,6442023 Spending: $338,3442023
IncomeSpending

Where the income comes from

  • Contributions & grants 72%
  • Program services 28%

Similar-sized charities, same cause

CharityLocationIncome
Center for Positive Aging in Lower MerionArdmore$264k
Beresford Child Care IncBeresford$264k
The Polk County Mission CenterLivingston$264k
Kearsarge Area Council on Aging Inc TreasurerNew London$264k