Hope Home Ministry

Analysis

Hope Home Ministry is a registered charity in United States, based in Brownwood, TX. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hope Home Ministry reported income of $162k and spending of $186k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $177k to $162k (-8.3%), an average of -4.2% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hope Home Ministry sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Sheperds Place Foundation ($162k), Step Up ($162k) and Louie Street Apartments Inc ($162k).

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 $169k against liabilities of $2,204, net assets of $167k.