Spring of Hope Ministries

Analysis

Spring of Hope Ministries is a registered charity in United States, based in Waynesboro, PA. It received its IRS tax-exemption ruling in February 2005, 21 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, Spring of Hope Ministries reported income of $148k and spending of $140k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $148k (+8.0%), an average of +8.0% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Spring of Hope Ministries sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Kingdom Life Ministries International ($148k), Community Care Network Indianapolis ($148k) and Todays Pulpit ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 53% of the total. At year end it held assets of $105k against liabilities of $1,861, net assets of $103k.