Beacon of Hope Christian Ministry

Analysis

Beacon of Hope Christian Ministry is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Beacon of Hope Christian Ministry reported income of $75k and spending of $291k, spending 389% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $202k to $75k (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Beacon of Hope Christian 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 29th percentile, and in the 26th percentile within DE. Charities of a similar size with the same main cause include 2 2 Collective Inc ($75k), Crystal Clear Ministries ($75k) and I43 Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $124k. At year end it held assets of $197k against liabilities of $0, net assets of $197k. It reported 4 employees.