Haven of Hope Ministry

Analysis

Haven of Hope Ministry is a registered charity in United States, based in Lake Odessa, MI. It received its IRS tax-exemption ruling in August 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 December 2023, Haven of Hope Ministry reported income of $502k and spending of $285k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $502k (+187%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 231%. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Haven of Hope Ministry sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Grace Apostolic Church Inc ($502k), Read Ministries Inc ($502k) and David George World Ministries Inc ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $24k (8.4% of expenses). Other salaries and wages came to $120k. At year end it held assets of $1.1m against liabilities of $4,151, net assets of $1.1m. It reported 6 employees.