Vision of Hope Ministries Inc

Analysis

Vision of Hope Ministries Inc is a registered charity in United States, based in Bristol, TN. It received its IRS tax-exemption ruling in February 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 June 2024, Vision of Hope Ministries Inc reported income of $196k and spending of $235k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $289k to $196k (-32%), an average of -9.2% a year. The sharpest change came in the year to June 2024, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vision of Hope Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Kollel Masmidim Inc ($196k), Community Kids ($196k) and Hallal Worship Inc ($196k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $56k. At year end it held assets of $482k against liabilities of $603, net assets of $481k. It reported 1 employees.