Urban Hope Ministries Inc

Analysis

Urban Hope Ministries Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Urban Hope Ministries Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.0m to $1.0m (-0.8%), an average of -0.8% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Urban 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 79th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Michaels Way ($1.0m), Gods Way Ministries Inc ($1.0m) and Mental Health Minnesota ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $60k (6.0% of expenses). Other salaries and wages came to $143k. At year end it held assets of $220k against liabilities of $39k, net assets of $180k. It reported 8 employees.