Hope Gospel Mission Inc

Analysis

Hope Gospel Mission Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Hope Gospel Mission Inc reported income of $7.6m and spending of $6.4m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $7.6m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hope Gospel Mission Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Brookline Community Foundation Inc ($7.6m), World Poultry Foundation Inc ($7.6m) and El Dorado Community Foundation ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $129k (2.0% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $12.0m against liabilities of $2.3m, net assets of $9.7m. It reported 154 employees.