Ministry of Hope Inc

Analysis

Ministry of Hope Inc is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in May 2003, 23 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, Ministry of Hope Inc reported income of $464k and spending of $499k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $464k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ministry of Hope Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Christian Leaders for Africa Inc ($464k), American Muslim Advisory Council ($464k) and Christian Heritage Foundation Ofsteamboat Springs ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.