Hope Outreach Ministries for Every- 1

Analysis

Hope Outreach Ministries for Every- 1 is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 2003, 23 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, Hope Outreach Ministries for Every- 1 reported income of $195k and spending of $187k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $195k (+104%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 378%. Over the whole period it spent 106% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hope Outreach Ministries for Every- 1 sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Canticum Novum ($195k), Hands on Deck ($195k) and Building Men Program Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,400 (2.3% of expenses). At year end it held assets of $72k against liabilities of $69k, net assets of $2,950. It reported 1 employees.