Emmanuel Promise of Hope Inc

Analysis

Emmanuel Promise of Hope Inc is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Emmanuel Promise of Hope Inc reported income of $63k and spending of $61k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $63k (-11%), an average of -11% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Emmanuel Promise of Hope Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Living in Victory Ministries Inc ($63k), Midway Apartments Inc ($63k) and Madison County Affordable Housing Corporation NFP ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.