Hope Center Ministries

Analysis

Hope Center Ministries is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Hope Center Ministries reported income of $21.1m and spending of $14.3m, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $5.9m to $21.1m (+256%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 67% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Center Ministries sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Living Stream ($21.1m), Commission to Every Nation Inc ($21.2m) and Purpose Driven Connection ($20.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $421k (2.9% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $28.8m against liabilities of $10.8m, net assets of $18.1m. It reported 137 employees.