Hope & Passion Ministries

Analysis

Hope & Passion Ministries is a registered charity in United States, based in Irwin, PA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 & Passion Ministries reported income of $322k and spending of $164k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $213k to $322k (+51%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 48% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope & Passion Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Meher Archive Collective ($322k), Partners in Bible Translation Inc ($322k) and Pu Ti Buddhist Association of America Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $140k (86% of expenses). At year end it held assets of $630k against liabilities of $165k, net assets of $466k. It reported 2 employees.