Jeremiahs Hope Inc

Analysis

Jeremiahs Hope Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in December 2005, 21 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 August 2023, Jeremiahs Hope Inc reported income of $414k and spending of $524k, spending 126% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $244k to $414k (+70%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 239%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jeremiahs Hope Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Greater Galilee Community Development Corporation ($414k), United Merchants of the S 9th Business Association Inc ($414k) and Mary Immaculate Residential Facilities Inc ($414k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 63% of the total. Other salaries and wages came to $15k. At year end it held assets of $390k against liabilities of $255, net assets of $390k.