The God of Hope Ministries

Analysis

The God of Hope Ministries is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The God of Hope Ministries reported income of $263k and spending of $283k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $207k to $263k (+27%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The God of Hope Ministries sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Metro Worship Center ($263k), Au Health Professions Associates Inc ($263k) and Solid Foundation Chapel Inc ($263k).

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 $97k (34% of expenses). Other salaries and wages came to $102k. At year end it held assets of $244k against liabilities of $3,627, net assets of $240k. It reported 3 employees.