Words of Hope Bible Ministries

Analysis

Words of Hope Bible Ministries is a registered charity in United States, based in Katy, TX. 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, Words of Hope Bible Ministries reported income of $123k and spending of $125k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $123k (-9.3%), an average of -9.3% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Words of Hope Bible Ministries sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Nest Up-Scale Resale Inc ($123k), Maynard Ministry ($123k) and Church Online USA ($123k).

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 $181 against liabilities of $0, net assets of $181.