Hope Aglow Ministries

Analysis

Hope Aglow Ministries is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in May 1972, 54 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, Hope Aglow Ministries reported income of $93k and spending of $78k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $121k to $93k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Aglow Ministries sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Leadership Clarksville Inc ($93k), El Campo Medical Foundation ($93k) and Huenited Collective ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $336k against liabilities of $0, net assets of $336k.