Hope House Ministries Inc

Analysis

Hope House Ministries Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in March 2009, 17 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 June 2023, Hope House Ministries Inc reported income of $1.6m and spending of $1.5m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $959k to $1.6m (+69%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope House Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include World Christian Charity Fund ($1.6m), North American Conference on Ethiopian Jewry Inc ($1.6m) and The Word Forum Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $389k (26% of expenses). Other salaries and wages came to $564k. It paid $52k in professional fundraising fees. At year end it held assets of $2.5m against liabilities of $1.4m, net assets of $1.1m. It reported 80 employees.