Mission of Hope

Analysis

Mission of Hope is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 2022, Mission of Hope reported income of $335k and spending of $390k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $365k to $335k (-8.4%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 96% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Mission of Hope sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within IA. Charities of a similar size with the same main cause include Ring of Democracy ($335k), World Immigration Center Inc ($335k) and 60 Plus Foundation Inc ($334k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $207k (53% of expenses). It paid $21k in professional fundraising fees. At year end it held assets of $581k against liabilities of $228k, net assets of $353k.