Sharing Hope Ministries Inc

Analysis

Sharing Hope Ministries Inc is a registered charity in United States, based in Mackeyville, PA. It received its IRS tax-exemption ruling in October 2008, 18 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 December 2023, Sharing Hope Ministries Inc reported income of $77k and spending of $112k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $77k (-68%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharing Hope Ministries Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Dream Haus Inc ($77k), People Who Care Project ($77k) and Trinity Foundati0n ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $154k against liabilities of $25k, net assets of $129k. It reported 2 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.