Hope for Brazil Ministries Inc

Analysis

Hope for Brazil Ministries Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 2012, 14 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 for Brazil Ministries Inc reported income of $193k and spending of $255k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $227k to $193k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. 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, Hope for Brazil Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Organization for Hindu Religion and Culture ($193k), Bnei Melachim Inc ($193k) and Assured Hope Ministries Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (24% of expenses). Other salaries and wages came to $3,546. At year end it held assets of $38k against liabilities of $0, net assets of $38k.