Greater Hope Ministries Inc

Analysis

Greater Hope Ministries Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2014, 12 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 March 2024, Greater Hope Ministries Inc reported income of $943k and spending of $990k, spending 105% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $614k to $943k (+54%), an average of +11% a year. The sharpest change came in the year to March 2022, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Greater Hope Ministries Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Hillcrest Ministries ($942k), Workmatters ($944k) and Presbyterian Village-Holly ($942k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $230k. It paid $69 in professional fundraising fees. At year end it held assets of $6,748 against liabilities of $30k, net assets of -$24k. It reported 11 employees.