Hope Ministries International Inc

Analysis

Hope Ministries International Inc is a registered charity in United States, based in Yukon, OK. It received its IRS tax-exemption ruling in February 2007, 19 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, Hope Ministries International Inc reported income of $247k and spending of $262k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $247k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Ministries International Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within OK. Charities of a similar size with the same main cause include Refreshing Lives Church Inc ($247k), All the Word Bible Translators Inc ($247k) and Ora Academy ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (11% of expenses). At year end it held assets of $8,123 against liabilities of $29k, net assets of -$20k.