The Beacon of Hope Ministries

Analysis

The Beacon of Hope Ministries is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Beacon of Hope Ministries reported income of $55k and spending of $53k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $58k to $55k (-4.7%), an average of -4.7% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Beacon of Hope Ministries 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 22nd percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Jaimie Cox Foundation NFP ($55k), Tallacoosa Aid to People Inc ($55k) and Royal Life Ministries Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.