Instruments of Hope

Analysis

Instruments of Hope is a registered charity in United States, based in Grand Rapids, MI. 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, Instruments of Hope reported income of $122k and spending of $41k, leaving 66% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $108k to $122k (+13%), an average of +6.1% a year. Over the whole period it spent 21% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Instruments of Hope sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Good Life Deliverance Ministries Incorporated ($122k), His Love Ministries Inc ($122k) and Parkinson Music Ministries ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $717k against liabilities of $0, net assets of $717k.