Hope for Home Ministries

Analysis

Hope for Home Ministries is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 for Home Ministries reported income of $1.4m and spending of $1.7m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $890k to $1.4m (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope for Home Ministries sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Beulah Park District ($1.4m), Hartford Business Improvement District ($1.4m) and Concordia Tele Caregivers ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Other salaries and wages came to $115k. At year end it held assets of $188k against liabilities of $1,427, net assets of $187k. It reported 5 employees.