Hope Ministries of Northeast Texas

Analysis

Hope Ministries of Northeast Texas is a registered charity in United States, based in Mt Pleasant, TX. It received its IRS tax-exemption ruling in June 2014, 12 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 Ministries of Northeast Texas reported income of $500k and spending of $285k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $500k (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope Ministries of Northeast Texas sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Friends of Holy Innocents ($500k), Moving Works ($500k) and Nics Care Foundation ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $51k (18% of expenses). Other salaries and wages came to $119k. At year end it held assets of $1.7m against liabilities of $13k, net assets of $1.7m. It reported 5 employees.