10 40 Hope Missions Inc

Analysis

10 40 Hope Missions Inc is a registered charity in United States, based in Cayce, SC. It received its IRS tax-exemption ruling in July 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 2020, 10 40 Hope Missions Inc reported income of $164k and spending of $162k, spending 99% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $139k to $164k (+19%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 10 40 Hope Missions Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Loving Life Missions ($164k), Asamblea Cristiana Inc ($164k) and Jain Sangh of Greater Austin Inc ($164k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $57k (35% of expenses). Other salaries and wages came to $17k. At year end it held assets of $68k against liabilities of $1,637, net assets of $66k. It reported 4 employees.