Matthews Hope Ministries Inc

Analysis

Matthews Hope Ministries Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in July 2010, 16 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 2022, Matthews Hope Ministries Inc reported income of $4.5m and spending of $4.6m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.8m to $4.5m (+155%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Matthews Hope Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Texas Girls and Boys Ranch ($4.5m), Hope for Youth Inc ($4.5m) and Life Needs Co Op Inc ($4.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $177k (3.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.2m against liabilities of $1.0m, net assets of $1.2m. It reported 56 employees.