Hopewell Ministries

Analysis

Hopewell Ministries is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 2011, 15 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, Hopewell Ministries reported income of $1.2m and spending of $1.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $1.2m (+105%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopewell Ministries sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Sitkans Against Family Violence ($1.2m), Hardy County Child Care Center Inc ($1.2m) and Linc St Charles County ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $108k (8.6% of expenses). Other salaries and wages came to $780k. At year end it held assets of $122k against liabilities of $16k, net assets of $106k. It reported 5 employees.