Life of Hope Ministries

Analysis

Life of Hope Ministries is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Life of Hope Ministries reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $645k to $1.1m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Life of Hope Ministries sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include International Mihr Foundation ($1.1m), Haiti Education Foundation Inc ($1.1m) and Makor Chaim USA Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $122k. At year end it held assets of $288k against liabilities of $1,964, net assets of $286k. It reported 2 employees.