Armor of Hope Ministries Inc

Analysis

Armor of Hope Ministries Inc is a registered charity in United States, based in Tallmadge, OH. It received its IRS tax-exemption ruling in May 2007, 19 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, Armor of Hope Ministries Inc reported income of $86k and spending of $94k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $86k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Armor of Hope Ministries Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Wyoming Senior Fellowship Club Inc ($86k), National Black Child Development Institute Inc ($86k) and McPherson Education Foundation ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. At year end it held assets of $104k against liabilities of $8,853, net assets of $95k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.