Voice of Hope Ministries Inc

Analysis

Voice of Hope Ministries Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in July 2007, 19 years ago. 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, Voice of Hope Ministries Inc reported income of $52k and spending of $46k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $52k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Voice of Hope Ministries Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within AR. Charities of a similar size with the same main cause include National Debate Coaches Association ($52k), All Out Arts Inc ($52k) and PTA California Congress of Parents Teachers & Students Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $188k against liabilities of $157k, net assets of $31k.