Heart of Hope Ministries Inc

Analysis

Heart of Hope Ministries Inc is a registered charity in United States, based in Keithville, LA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover health care, 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, Heart of Hope Ministries Inc reported income of $619k and spending of $557k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $619k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart of Hope Ministries Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Maristan ($619k), Chicago Athenaeum the Center for Architecture Art and Urban Studies ($619k) and Inspire Life Skills Training Inc ($619k).

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 $268k. At year end it held assets of $1.2m against liabilities of $168k, net assets of $1.0m. It reported 11 employees.