Mission Hope Foundation

Analysis

Mission Hope Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 2007, 19 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 December 2022, Mission Hope Foundation reported income of $771k and spending of $466k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $423k to $771k (+82%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mission Hope Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Alaska Missions and Retreats ($770k), Chinese Christian Life Fellowship Inc ($771k) and Macedonia African Methodist Episcopal Church Inc ($770k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $56k (12% of expenses). Other salaries and wages came to $261k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 12 employees.