Hope Ministries

Analysis

Hope Ministries is a registered charity in United States, based in Pleasant Hill, IA. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Hope Ministries reported income of $16.2m and spending of $15.2m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $14.7m to $16.2m (+11%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Ministries sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Association House of Chicago ($16.2m), Henry Booth House ($16.2m) and Family Services of NW Pa ($16.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $385k (2.5% of expenses). Other salaries and wages came to $3.3m. It paid $303k in professional fundraising fees. At year end it held assets of $36.6m against liabilities of $4.3m, net assets of $32.3m. It reported 71 employees.