Hope Ministries Inc

Analysis

Hope Ministries Inc is a registered charity in United States, based in Zionsville, IN. It received its IRS tax-exemption ruling in August 1994, 32 years ago. 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 Ministries Inc reported income of $191k and spending of $164k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $248k to $191k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Colorado Plateau Mountain-Bike Trail Association Inc ($191k), Project Learn Inc ($191k) and Kansas Scottish Rite Foundation Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $68k. At year end it held assets of $186k against liabilities of $0, net assets of $186k. It reported 1 employees.