Hope and Friendship Ministries

Analysis

Hope and Friendship Ministries is a registered charity in United States, based in Lemont, IL. It received its IRS tax-exemption ruling in May 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, Hope and Friendship Ministries reported income of $153k and spending of $178k, spending 116% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $250k to $153k (-39%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope and Friendship Ministries sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Wharton County Interfaith Coalition Inc ($153k), Young at Heart Senior Center Inc ($153k) and Family Life Services of Southern Kansas Inc ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.