Hope Prison Ministries Inc

Analysis

Hope Prison Ministries Inc is a registered charity in United States, based in Fort Worth, TX. 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 2023, Hope Prison Ministries Inc reported income of $811k and spending of $771k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $199k to $811k (+307%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Prison Ministries Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include CTS America Inc ($811k), Masters Men ($811k) and Truth & Power Ministries International Inc ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $58k (7.5% of expenses). Other salaries and wages came to $52k. At year end it held assets of $206k against liabilities of $388k, net assets of -$182k. It reported 6 employees.