Living Hope Ministries

Analysis

Living Hope Ministries is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Living Hope Ministries reported income of $124k and spending of $110k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $124k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Living Hope Ministries sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Molino Recreation Association Inc ($124k), Fairhaven Little Baseball League Inc ($124k) and Bowling Green Youth Soccer Club ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $30k (28% of expenses). Other salaries and wages came to $8,160. At year end it held assets of $548k against liabilities of $472k, net assets of $76k. It reported 2 employees.