Love and Hope Ministries

Analysis

Love and Hope Ministries is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Love and Hope Ministries reported income of $120k and spending of $109k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $120k (+8.6%), an average of +8.6% a year. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Love and Hope Ministries sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include Hope for Huruma Foundation ($120k), Jacksonville Sister Cities Assoc Inc ($120k) and Her Passion Ministries Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $101k against liabilities of $17k, net assets of $84k.