Reaching Above Hopelessness and Brokenness Ministries Inc

Analysis

Reaching Above Hopelessness and Brokenness Ministries Inc is a registered charity in United States, based in Fairlawn, OH. It received its IRS tax-exemption ruling in July 2006, 20 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, Reaching Above Hopelessness and Brokenness Ministries Inc reported income of $2.2m and spending of $2.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.2m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Reaching Above Hopelessness and Brokenness Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Bold City Church Corporation ($2.2m), Hal Lindsey Website Ministries ($2.2m) and Florence Melton Adult Mini-School Corporation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $80k (3.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.0m against liabilities of $121k, net assets of $1.9m. It reported 52 employees.

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.