Hope Mission Inc

Analysis

Hope Mission Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Mission Inc reported income of $138k and spending of $138k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $269k to $138k (-49%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Mission Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Lincoln County Community Partnership Inc ($138k), Manna Pantry ($138k) and Community Christian Counseling Inc ($138k).

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 $52k. At year end it held assets of $83k against liabilities of $0, net assets of $83k.